DTF – Price broke local trend line up. Price is attempting to breach the Ichimoku Cloud. The Base Line and Conversion Line are intertwined.
4HTF the bias is Bullish. We may see a retracement with target areas at 23.6% Fibo 1.22829, following that 38.2% Fibo 1.22209 and then our 50% Fibo which is close to our Base line at 1.21707.
For further movement up, I have identified areas of support and resistance from July. We'll use target areas at 1.24254, 1.24857 and 1.25583.