We caught the bounce nicely from our first support and remain bullish above this level. Price is facing bullish pressure from our first support in line with our 38.2% fibonacci retracement, 127.2% fibonacci extension and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results