Clearly 160 seems to be a strong resistance however the bottom rising structure also showing strength. Slowly making higher lows marked by red circles. In my view traders should watch gaps pending on both sides and try to enter as low as possible. In a midium term view as soon as this triangular structure gets broken on higher side upside gap will be filled.

This analysis is just for educational purpose.
Chart PatternsTrend AnalysisTriangle

Declinazione di responsabilità