is approaching our first resistance at 175.50 (horizontal overlap resistance, 61.8% Fibonacci extension
, 61.8% Fibonacci retracement
) where a strong drop might occur to our major support at 156.75 (horizontal swing low support, 50% Fibonacci retracement
is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.