- Citibank reversed from support level 124.15
- Likely to rise to resistance level 131.65
Citibank recently reversed from the support zone between the key support level 124.15(former monthly high from January and February) and the lower daily Bollinger Band.
The upward reversal from the level 124.15 started the active short-term impulse wave 3 – which belongs to the sharp impulse wave (5) from March.
Given the strong multi-month uptrend, Citibank can be expected to rise to the next resistance level 131.65 (top of the previous correction b).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.