Price continues to reject the descended trendline and has formed a resistance at 129.3-129.5 price level.
Significant rejections were formed with momentum confirmation, supporting the potential bearish setup.
Should price continue to respect the analysis and remain below the invalidation level at 129.5, we may be looking at downside movement towards 127.5
Keep a lookout for a potential entry within the 129 - 129.25 range as price may present rejections and continue its movement to the downside
Significant rejections were formed with momentum confirmation, supporting the potential bearish setup.
Should price continue to respect the analysis and remain below the invalidation level at 129.5, we may be looking at downside movement towards 127.5
Keep a lookout for a potential entry within the 129 - 129.25 range as price may present rejections and continue its movement to the downside