Morning star rebound right on the Kumo and the 50% Fibonacci retracement (period Apr.21 - May 24) augurs well for the continuation of the reversal unless... you know, the 3 magic letters put everything upside down later today.
The view is supported by weekly and monthly BB charts below.
On the weekly there is -so far- a clear rejection up from the middle band but the pair will need to break the monthly resistance (in black)
On the monthly we stand in bullish territory above the middle band (SMA 20):
The view is supported by weekly and monthly BB charts below.
On the weekly there is -so far- a clear rejection up from the middle band but the pair will need to break the monthly resistance (in black)
On the monthly we stand in bullish territory above the middle band (SMA 20):