Today's Support and Resistance Levels:
R3: 141.92
R2: 141.68
R1: 141.30
Current Spot: 141.12
S1: 140.89
S2: 140.65
S3: 140.43
Technical Summary:
With a slight new low at 140.43 red wave v. As we now have a minor five wave decline from 143.79 we should expect a minor correction higher towards the 142.11 - 142.50 area before the next downside pressure takes us lower towards at least 136.45 and maybe even lower. Longer term I'm still looking for a much bigger correction from the 145.69 high towards the 38.2% corrective target of the rally from 94.10 to 145.69 at 126.00.
Great Charts EWS have a great weekend....
ReplyDeleteBrgs jt
Hi JT,
DeleteThank you very much.
A great weekend to you too
Kind regards
EWS
Hi EWS!
ReplyDeleteDo you see a H&S in GBPAUD? I think it already broke the nickline! What you think?
Hi Zink,
DeleteYes there seems to be a S/H/S top in GBP/AUD and as you say the neckline already has been broken.
Kind regards
EWS
Welcome Back EWS. Hope you had a good time here in the USA!!
ReplyDelete