Britannia.
It seems to be in consolidation phase. Looking back in 2014 after the long rally it retraced till 38.2 Fabonnic level and consolidated almost for a year. After the current rally currently it has retraced till 38.2 and around 9 monthly candles shows consolidation as of now. As seen it has a good support at around 2320 level and the same is the physiological level. Good for long term goals year and above. Hold for some time and monitor the situation for any position.
It seems to be in consolidation phase. Looking back in 2014 after the long rally it retraced till 38.2 Fabonnic level and consolidated almost for a year. After the current rally currently it has retraced till 38.2 and around 9 monthly candles shows consolidation as of now. As seen it has a good support at around 2320 level and the same is the physiological level. Good for long term goals year and above. Hold for some time and monitor the situation for any position.