is approaching our first resistance at 140.58 (horizontal pullback resistance, 50% Fibonacci retracement
, 100% Fibonacci extension
) where a strong drop might occur pushing price down to our major support at 135.83 (50% fibonacci retracement
(34,5,3) is also approaching our resistance and seeing a bearish
divergence and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.