Pivot: 1178
Our preference: Short positions below 1178 with targets @ 1169 1162.5 in extension.
Alternative scenario: Above 1178 look for further upside with 1185 1188 as targets.
Comment: As long as 1178 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1188
1185
1178
1172 Last
1169
1162.5
1160
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