We are looking at an overall uptrend. We have had a touch of the weekly trendline and have been in a range for the past 3/4 months. We have broken out of the 1.73 area and had a retest on that same area also. We are targeting the 1.7000 banking level which coincides with the 61.8 % Fibonacci retracement level on a daily timeframe. We will then reassess our position at this area and analyse for potential long positions. This gives us a yield of 3.00%.
Trade closed: target reached