Price continues to hold above the ascending trendline support and Ichimoku cloud, showing bullish pressure in line with our bullish bias. We could potentially see a bounce at our ascending trendline support and 1st support at 143.376, in line with our 38.2% Fibonacci retracement and 127.2% Fibonacci extension, and a further push up towards our 1st resistance level at 144.102, in line with our 100% Fibonacci extension and horizontal swing high resistance.
Trading Recommendation
Entry: 143.376
Reason for Entry:
127.2% Fibonacci extension, 38.2% Fibonacci retracement and horizontal swing low support
Take Profit: 144.102
Reason for Take Profit:
100% Fibonacci extension and horizontal swing high resistance
Stop Loss: 1143.009
Reason for Stop Loss:
61.8% Fibonacci retracement and horizontal swing low support
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