Weekly price is located above Ichimoku cloud in the primary bullish area of the chart. The price was bounced from 1.1808 resistance level to below for the ranging to the secondary correction to be started. - if the price breaks resistance level at 1.1808 on weekly close bar to above so the bullish trend will be continuing; - if the price breaks 1.1490 support to below so we ay see the the primary bearish reversal to be started; - if not so the price will be on ranging within wide support/resistance channel waiting for the direction of the strong trend. Recommendation: watch the close weekly price to break resistance at 1.1808 to above for possible buy position with 1.1918 as re-enter; otherwise - ranging.
2026.01.06 10:10
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Chinkou Span line is crossing the historicalk price to below, and the weekly price is breaking the support level at 1.1490 for the secondary correction to the possible bearish reversal to be started.
The price broke resistance level at 1.1808 on weekly close bar to above for the bullish trend continuation. Price is testing the resistance at 1.2082 as the next possible target, otherwise - ranging for direction.