Type: Bullish rise
Resistance : 1726'4
Pivot: 1704'6
Support : 1688'4
Preferred case: With price moving above the ichimoku cloud and the ascending trendline, we have a bullish bias that price will rise to our 1st resistance in line with the 1726'4 in line with the swing high resistance from our pivot of 1704'6 in line with the 50% Fibonacci retracement and the horizontal overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1688'4 in line with the 50% Fibonacci retracement and the horizontal swing low support.
Fundamentals: No major news.
Resistance : 1726'4
Pivot: 1704'6
Support : 1688'4
Preferred case: With price moving above the ichimoku cloud and the ascending trendline, we have a bullish bias that price will rise to our 1st resistance in line with the 1726'4 in line with the swing high resistance from our pivot of 1704'6 in line with the 50% Fibonacci retracement and the horizontal overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1688'4 in line with the 50% Fibonacci retracement and the horizontal swing low support.
Fundamentals: No major news.