Pivot: 120.6
Our preference: Short positions below 120.6 with targets @ 119.3 119 in extension.
Alternative scenario: Above 120.6 look for further upside with 121.2 121.55 as targets.
Comment: The upward potential is likely to be limited by the resistance at 120.6. The pair stands below its resistance and remains under pressure.
Supports and resistances:
121.55 ***
121.2 ***
120.6 ***
120.28 Last
119.3 *
119 *
118.55 *
Copyright 1999 – 2015 TRADING CENTRAL