Overview
From today's H4 chart, yesterday the pair failed to break the intersection point between the lower limit of the bullish channel with the Support level 152.50 to reverse its bearish movement taking an upward move and managed to break the Resistance level 152.90. Currently it is testing the Resistance level 153.75 keeping its movement inside the bullish chanel. 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 154.50, then we should wait for breaking above this Resistance level to get more bullish signals towards the Resistance level 155.00 as the second target.
Resistance and support levels: R3 (155.00) R2 (154.50) R1 (153.75), S1 (152.90), S2 (152.50), S3 (152.00).
