Wogubike

Wogubike

The has been in a range of 139.41-141-50 since october 16th,2019,but by the close of market it moved from 141.30 where it was kind of consolidating to 141.54 level where it closed and in the first 30 minute of trade it moved to the 141.80 region.Having broken the channel it is advisable to closeup any short position and look for opportunities to by

Wogubike

At the time of this post the pair was at 131.95.A careful observations of the chart shows that the price is on the trendline.A break and close of the price above the trendline may take the price to 132.50 level but below the trendline,a downward movement will resumethat may touch and break the day's low @131.26 region .I recommend a downward movement because...

Wogubike

As shown on the chart above 131.70 is a strong support and the price is about breaking it.a sustained break of this level my take the price to the region of 128.00 via 130.00.The price is @ 131.77 at the time of this post.

Wogubike

The inability of the pair to break the resistance at 135.72 yesterday shows that a temporary top has formed @135.60 level . Also the breaking of 135.00 to the downside opens the way for pair to move to the 134.00 level .The price is @134.60 at the time of this post.