Sharply higher to extend bullish break of the 9 April high at 100.80 to reach the 102.00 level
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 105.40 | ** | Apr 2013 year high | S1 | 100.80 | 9 Apr high | ||
R3 | 103.85 | * | 15 Apr 2013 high | S2 | 100.00 | * | congestion | |
R2 | 102.85 | ** | Nov 2014 year high | S3 | 99.00 | * | congestion | |
R1 | 102.00 | figure | S4 | 98.60 | * | Nov high |
06:20 GMT - Sharply higher to extend bullish break of the 9 April high at 100.80 to reach the 102.00 level. Focus now turn to the November 2014 year high 102.85 and where reaction can be expected to unwind the deep overbought intraday and daily studies. Corrective pullback see support at the 101.00/100.80 area now expected to underpin. Below the latter, if seen, will open up deeper pullback to the 100.00 level and 99.00/98.60 congestion. Break above the 102.85 resistance, if seen, will shift focus to the 2013 multi-year high at 105.40.