The recent uptrend in USDTHB as expected took a breather but without any significant sell-off.
Although it failed to break the long-term resistance at round 36.50 it may only be a matter of time until it does.
I fully anticipate the recent strength shown to translate into further gains
Ultimately, I am looking for further gains the reach the next resistance areas at 38.22 and beyond.
So, hopefully this may be good for some 150 pips with limited downside risk given the current strength of the dollar
The 0.618 FIB level as shown providing support as it already defended any sell pressure a few days ago.
Although it failed to break the long-term resistance at round 36.50 it may only be a matter of time until it does.
I fully anticipate the recent strength shown to translate into further gains
Ultimately, I am looking for further gains the reach the next resistance areas at 38.22 and beyond.
So, hopefully this may be good for some 150 pips with limited downside risk given the current strength of the dollar
The 0.618 FIB level as shown providing support as it already defended any sell pressure a few days ago.