is approaching our first resistance at 149.42 (horizontal swing high resistance, 61.8% Fibonacci extension
) where a strong drop
might occur below this level pushing price down to our major support at 145.46 (61.8% Fibonacci extension
, 61.8% Fibonacci retracement
(55,5,3) is also approaching resistance and seeing a bearish
divergence where we might see a corresponding drop
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.