.. a break above 148.30 could very crucial as I am envisaging price to eventually print above 160.15. Ideally, a break above this current resistance belt(147.20 - 148.30) then this belt turn from resistance to support will be a very interesting episode to say the least!
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watching price which is within the resistance belt mentioned above, if this resistance should hold, we may be looking for 136.xx area for a bearish interval. In view of this, cover long positions or close for profits. If the bullish impulse continues, more opportunities to enter will avail itself as always. BANK PROFITS initially :)
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If price is unable to break this resistance belt could mean a double top is forming hence another reason for taking profits around the area. To continue buying this pair, would like to see some convincing bull impulse rally slamming through the earlier mentioned resistance band, then wait for retrace before joining up, IMHO.
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"May 9, 2017 Comment: .. a break above 148.30 could very crucial as I am envisaging price to eventually print above 160.15. Ideally, a break above this current resistance belt(147.20 - 148.30) then this belt turn from resistance to support will be a very interesting episode to say the least!"
Now it is only fair to say the intrada Key Level is around 147.20(wondering where that came from = see quote above)
:) cheers!
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peterkani
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Recap from Archives, just scroll forward to present date!