Pivot: 129.3
Our preference: Short positions below 129.3 with targets @ 127.4 126.6 in extension.
Alternative scenario: Above 129.3 look for further upside with 130 130.75 as targets.
Comment: The upward potential is likely to be limited by the resistance at 129.3. The pair is posting a rebound but stands below its resistance.
Supports and resistances:
130.75 ***
130 ***
129.3 ***
128.92 Last
127.4 ***
126.6 **
125.1 **
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