Overview
Today's H4 chart shows that the pair opened this week above the Support level 150.00 and below the Resistance level 150.80. Currently it is testing it to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the Resistance level, it would be another opportunity for more bullish signals with first target few pips below the Resistance level 152.00, then we should wait for breaking above this Resistance level to get more bullish signals towards the Resistance level 152.40 as the second target. But as long as the price is trading below the Resistance level 150.80 and cannot break it through, this cancels the bullish scenario. Resistance and support levels: R3 (153.15) R2 (152.40) R1 (152.00), S1 (150.80), S2 (150.00), S3 (149.35).
