2017-05-20
Heading up to 112.667 - Trend shows reversal and a period of consolidation. If trend continuation on breakout then expect a future Fib D at 112.667 as the major target during next week. The retracement to 38.2 support a strong trend continuation bullish. There could well be a pull back before reaching this target, and another 38.2 pull back would hit support at current structure high - 111.167, before heading up to Target.
Heading up to 112.667 - Trend shows reversal and a period of consolidation. If trend continuation on breakout then expect a future Fib D at 112.667 as the major target during next week. The retracement to 38.2 support a strong trend continuation bullish. There could well be a pull back before reaching this target, and another 38.2 pull back would hit support at current structure high - 111.167, before heading up to Target.