Pivot: 122.7
Our preference: Short positions below 122.7 with targets @ 121.75 121.4 in extension.
Alternative scenario: Above 122.7 look for further upside with 123.2 123.69 as targets.
Comment: Intraday technical indicators are mixed and call for caution. A strong rebound could happen above the 122 strong support.
Supports and resistances:
123.69 *
123.2 *
122.7 ***
122.1785 Last
121.75 ***
121.4 *
121.06 *
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