Resistance – 124.05, 124. 44 , 124.75
- Pair’s failure to take out 124.05 (38.2% of 128.22-121.48) if followed by a red hourly candle would confirm price-RSI divergence and open doors for a drop to 123.28-123.07 levels.
- However, bears need to observe caution even if divergence is confirmed, since a breakout was achieved yesterday and a rebound from the neckline of 123.50 could yield 124. 44 levels.