Prices are approaching our resistance in line with our descending trend line, 61.8% retracement and 61.8% extension where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Prices are facing bullish pressure from our ascending trend line and could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
