On the H1 time frame, prices are facing bullish pressure from the Ichiomku cloud and a throwback to the support zone at 1830.50, in line with the graphical support and 61.8% Fibonacci retracement could present an opportunity to play the bounce to the resistance zone at 1855.00. Failure to hold above the 1830.50 support zone could see prices push lower to the next support area at 1819.50.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.