Price hesitated by the psychological 1000 mark but has now
breached it and the Yearly R1. It has hit the Daily R3 and is
showing signs of slowing down. It would be natural to see
the pair come down and retest the broken 1000 level and after that
continue up, with the next pivot target by the Yearly R2 at
1275. Monthly R2 stands at 1145. If price returns and break
below the 1000 mark and close below the white Kijun Sen line
we may see a deeper correction towards a test of the Cloud.
Overall, since New Year, price has advanced after a couple of
weeks of sideways action and it is clearly on a Bull run, which
means that dips could be bought.
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If you want to support this channel check out the
profile page at the top for details. Thanks.
******
breached it and the Yearly R1. It has hit the Daily R3 and is
showing signs of slowing down. It would be natural to see
the pair come down and retest the broken 1000 level and after that
continue up, with the next pivot target by the Yearly R2 at
1275. Monthly R2 stands at 1145. If price returns and break
below the 1000 mark and close below the white Kijun Sen line
we may see a deeper correction towards a test of the Cloud.
Overall, since New Year, price has advanced after a couple of
weeks of sideways action and it is clearly on a Bull run, which
means that dips could be bought.
******
If you want to support this channel check out the
profile page at the top for details. Thanks.
******