As explained on the chart, we have bullish momentum but because of the uncertainty in the market we may witness another gap in the market. When it comes to these situations we personally stay away from trades like this. However, we have set up safety levels in the market. If the trend line is breached and price closes below we can see further bearish momentum.
However, as we have been saying for weeks our psychological target is on the upside of 1.2000. Looking at the daily chart we have a potential breakout above senkou Span A representing bullish momentum. The targets for this week if price stays above the trend line would be 1.12950 then 1.1450.
However, as we have been saying for weeks our psychological target is on the upside of 1.2000. Looking at the daily chart we have a potential breakout above senkou Span A representing bullish momentum. The targets for this week if price stays above the trend line would be 1.12950 then 1.1450.