On the M30 time frame, prices are showing bullish order flow and a throwback to the support zone at 145.90, in line with the graphical resistance-turned-support zone and 61.8% Fibonacci retracement level presents an opportunity to play the bounce to the next resistance zone at 147.60. This 147.60 resistance zone lines up with the 78.6% Fibonacci retracement level. Prices are holding above the 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.