On the H4, with price approaching the resistance of the RSI indicator, we have a bias that price will drop to our support at 152'01 in line with the horizontal swing low support from our pivot at 154'10 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break pivot and head for 1st resistance at 156'06 in line with the 127.2% Fibonacci extension .
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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