Pivot: 120
Our preference: Long positions above 120 with targets @ 126 127.7 in extension.
Alternative scenario: Below 120 look for further downside with 118.2 115.5 as targets.
Comment: The RSI is mixed to bullish. The pair has vadliated a continuation triangle and is posting a slight pull back.
Supports and resistances:
132 **
127.7 **
126 *
123.9835 Last
120 ***
118.2 ***
115.5 **
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