W1 price is above 200 period SMA
(200-SMA) and 100 period SMA (100-SMA) for the primary bullish market condition with the secondary ranging within Fibo support level at 180.37 and Fibo resistance level at 195.87:
- 38.2% Fibo support level at 186.29 crossed by the price from above to below with 23.6% Fibo support level as the next target;
- RSI indicator is estimating the secondary correction to be started.
If the price will break Fibo support level at 180.37 so we may see the secondary correction to be started with the good possibility for the price to be reversed to the bearish market condition.
If the price will break Fibo resistance level at 195.87 from below to above so the primary bullish condition will be continuing.
If not so the price will be ranging between the levels.
Trend:
