Chinkou Span line of Ichimoku indicator is breaking historical price to below together with the daily price which was broke Ichimoku cloud to below as well for the primary bearish reversal.
- If the price crosses support level at 0.7806 to below on the close daily bar with 0.7760 possible target to re-enter so the bearish trend will be continuing.
- If the price breaks 0.7924 resistance level to above so the primary bullish reversal will be resumed.
- Alternatively, the price will be on ranging within s/r channel for direction.
Trading Summary: possible bearish trend to be continuing
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The price is breaking 0.7924 resistance to above but for open daily bar for now ... waiting for the bar to be closed and to be opened on Monday for example.