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- Major resistance – 1.3100
- Major support – 1.2920 (200 4H MA)
- Lonnie has broken psychological resistance 1.3000 and jumped till 1.30989. It is currently trading around 1.30264.
- Short term trend is slightly bullish as long as support 1.2920 holds.
- On the higher side, major intraday resistance is around 1.3050 and any break above targets 1.3100/1.31736 (23rd May high).
- The major support is around 1.2990 (hourly Tenkan-Sen) any violation below 1.2990 will drag the pair down till 1.2940/1.2920/1.2888 (daily Kijun-Sen).
It is good to buy above 1.3050 with SL around 1.2990 for the TP of 1.3100/1.3175
