The currency pair was in the phase of sideways movement (flat) for a long time. But, the movement of the last two weeks gives us a premise that this flat may be broken in the near future. Yesterday, the currency pair formed a bullish candlestick that overcame the mentioned flat boundary. The session closes above 188.3 and also at its highs, thus forming a local level - the high of the day - 188.5. A retest of this level is possible in the near future. Our task is to wait for price consolidation above 188.3 - 188.5. This will be a confirmation of the market's readiness to continue the bullish trend. The target in this case will be 190.0 - 191.0.
Resistance levels: 188.3, 188.5
Support levels: 187.38, ascending support line
I expect the trend to continue, the whales are forming a quick retest of 188.3, which signals the possible end of the flat and the market's transition to the distribution phase and bullish trend.
Regards R. Linda!
トレード終了: 利益確定目標に到達:
Target of 190.00 reached :)
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Friday's closing above the level may be a good signal for further growth