Pivot: 118.50
Our Preference: LONG position above 118.50 with 127.5 134 in sight.
Alternative Scenario: Below 118.5 down move to 114.65 111.25.
Comment: the pair has struck against its resistance and is facing a pull back ahead of a rebound.
Trend: ST Ltd Upside; MT Bullish, we have been bullish since 9 SEP 2012 (102.3).
Key levels Comment
138.45*** Horizontal resistance
134.00** Horizontal resistance
127.50*** Horizontal resistance
119.8 Last
118.50*** MT pivot point
114.65** Horizontal support
111.25*** Horizontal support
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