Bounce off Trendline. GJ Headed for New High.
Pair closed about major level 147.50 and retested area and formed new highs.
Has retested the trendline(BLUE) which is also a major level and is headed to close above 147.50 on the daily and the 4 hour.
Monthly key level, uptrend line and 61.8 fib confluence.
With the MA crossover we should see the pair start a bullish move to 156.50 to test for new highs.
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EXPECTING to see the pair bounce bearish off the weekly level to attract sellers into the market, and will be looking to enter more aggressively around 146.
Has retested the trendline(BLUE) which is also a major level and is headed to close above 147.50 on the daily and the 4 hour.
Monthly key level, uptrend line and 61.8 fib confluence.
With the MA crossover we should see the pair start a bullish move to 156.50 to test for new highs.
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EXPECTING to see the pair bounce bearish off the weekly level to attract sellers into the market, and will be looking to enter more aggressively around 146.