Pivot: 123.4
Our preference: Long positions above 123.4 with targets @ 124.8 125.5 in extension.
Alternative scenario: Below 123.4 look for further downside with 122.85 122.45 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
126.3
125.5
124.8
123.6725 Last
123.4
122.85
122.45
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