Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation. Ichimoku Cloud resistance is seen at 1.4092
Weekly: For the last 92 weeks we have held within a bullish channel formation. The trend line resistance is currently located at 1.3945. Bespoke resistance is seen at 1.3967. This is our target zone.
Daily: Since posting the 1.3856 high (18th April) trading has been mixed and volatile. This price action has formed a bearish corrective channel formation. Trend line support is currently located at 1.3454. With bespoke support located at 1.3453, this is our prime area to get long