On the H4 time frame, prices are facing bullish pressure from the support zone at 134.00 and a break above the upside confirmation level at 137.80 could provide the bullish acceleration to the resistance zone at 145.30. The upside confirmation level at 137.80 coincides with the 23.6% Fibonacci retracement level. Prices are holding above the 50EMA and Ichimoku cloud as well, supporting the bullish bias.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.