Market managed to sustain drop pressure over short-run while market still holding market up where first resistance at 1.1430, as long as market holding the H4 bar closing below this resistance the downtrend outlook will sustain toward 1.1250-70 zone.
any H4 closing above 1.1430 may give the market the opportunity to attack resistance 1.1480 where above this zone expect farther advance toward 1.1560-80 zone
Market managed to sustain drop toward 1.4375 where market tried several times to break without success so far
as long as market holding above 1.4375 the chance for more rebound correction will sustain where market facing 1.4480 and 1.4575 as resistance levels
above 1.4575 market may enter another bull wave that may target 1.4700 zone
below 1.4370 market will add more drop pressure that may take Pound toward more drop to 1.4100 zone
Market managed to head toward target 108.80-90 where market managed to break above but still need daily close above this zone to activate another bull wave toward 110.00 and maybe 111.85
traders headed to short Japanese Yen after Japan’s Finance Minister said the government can intervene to stabilize foreign-exchange markets if necessary.
market holding support at 108.15 and 107.40-50 where as long as market holding above those support market will sustain advance toward 110.00
Oil 6M - New Contract
As we see over the chart, market managed to retreat from 46.15 resistance while managed to hit below 43.25
market facing resistance at 44.50 zone where as long as the H4 bar closing below this resistance the downtrend pressure will sustain toward 41.50 - 42.00 zone
above 44.50 market may head toward 45.50 - 46.00 zone
Market managed to break below 1269 which activate another drop pressure that may target 1235-40 zone as we advised before
market now facing resistance at 1274 where as long as market holding below this zone expect farther drop to come
above 1274 market may head again to test resistance zone 1285-87
as we see over our previous chart, market managed to complete drop correction toward target 17540 which managed to push the market for another advance so far toward 17837
market now facing resistance zone at 17915 which if managed to hold the market another drop toward 17650 will be expected
any daily close above 17915 will set uptrend outlook which will face 18085 as resistance zone
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