Daily price is on ranging to be inside Ichimoku cloud and in the s/r channel for direction:
- if the price breaks resistance level at 106.98 to above so the primary bullish trend will be resumed with 119.88 level as a possible target;
- if the price crosses support level at 89.64 to below so the primary bearish reversal will be started with 84.22 level to re-enter;
- alternatively, the price will be on secondary ranging waiting for direction.
Trading Summary: ranging for direction
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The price finally crossed 84.22 support level for strong bearish breakdown.
Daily price broke the support level at 89.64 to below for the good bearish breakdown. The bearish trend is continuing with 84.22 support level for the price to be crossed.
Trading Summary: bearish
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