Neutral view at the moment, as we had a break of the ascending trendline
on Friday with a retest of this trendline
just before market close. Moving averages
were set to cross but this could just be a fakeout
. The daily timeframe
shows a very close rejection of the same ascending trendline
, however price has ranged since the end of April. Daily candle close Friday producing a Doji
pattern so indecisiveness between Bulls and Bears. Patience with this pair will pay off.