It is expected volatility at consolidation within the 121.00 & 126.00 range.
If it goes up, the trendline will serve as resistance. Price on medium term tends to find the channel's support.
Anything lower than that will invalidate the channel and the downward trendline would rule the next bearish scenario.
Cheers!
If it goes up, the trendline will serve as resistance. Price on medium term tends to find the channel's support.
Anything lower than that will invalidate the channel and the downward trendline would rule the next bearish scenario.
Cheers!
