Price tested the daily pivot point. If we see a continuation from here
the next target is the Daily S1/Upper Cloud (1.1923) and below that the lower
Cloud and the Weekly S1 (1.1904). Since the projected cloud is bullish, especially
the latter level should give a good support. However if price simply plows
through the cloud we are looking at, below the already tested Monthly pp,
theSMA200, but then we are in clear oversold territory, if the projected
cloud is still bullish i.e. A close above the daily pp may open up for a move
to the Daily R1 at 1,2004 and the Kijun Sen/Weekly pp at 1.1997, this resistance
zone.
the next target is the Daily S1/Upper Cloud (1.1923) and below that the lower
Cloud and the Weekly S1 (1.1904). Since the projected cloud is bullish, especially
the latter level should give a good support. However if price simply plows
through the cloud we are looking at, below the already tested Monthly pp,
theSMA200, but then we are in clear oversold territory, if the projected
cloud is still bullish i.e. A close above the daily pp may open up for a move
to the Daily R1 at 1,2004 and the Kijun Sen/Weekly pp at 1.1997, this resistance
zone.