Pivot: 121.6
Our preference: Short positions below 121.6 with targets @ 120.6 120.2 in extension.
Alternative scenario: Above 121.6 look for further upside with 122 122.5 as targets.
Comment: The upward potential is likely to be limited by the resistance at 121.6. The pair has broken below its support and remains under pressure.
Supports and resistances:
122.5 **
122 ***
121.6 ***
121.36 Last
120.6 ***
120.2 **
119.85 ***
Copyright 1999 – 2015 TRADING CENTRAL