Price is approaching our first resistance (horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure, where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.