In the 4-hour time frame, it hits the bottom line of the trend and is ready to climb.
If it goes according to the analysis, the first target is the red line and if it crosses it, it is predicted to the top of the channel.
The general trend of this currency pair is bullish and
This analysis fails if the canal floor is broken.
** This is just a personal...
The price chart is likely to take a downtrend with the resistance of 121,000.
What confirms this trend is the break of the 4-hour trend line.
The next support is projected at 119,000.
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