Overview
From the today's H4 chart, the pair failed to continue its bearish move and could not break the Support level 152.00 and bounced from it to reverse its downward move taking an upward movement and managed to close above 152.50 and the downward trend line as well. Currently the pair is approaching the Resistance level 153.85 trying to break it through to continue the upward move. More bullish signals would be expected in case of closing 4H above this Resistance level with first target few pips below the Resistance level 154.75 then 155.25 as the second target.
Resistance and support levels: R3 (155.40) R2 (154.50) R1 (153.85), S1 (152.50), S2 (152.00)
