Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Pivot support is at 103.00. Risk/Reward would be poor to call a buy from current levels. A move through 103.75 will confirm the bullish momentum.
We look to Buy at 103.50 (stop at 103.10) Our profit targets will be 104.50 and 104.75 2,5RR
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