The break above key resistance at 143.03 confirmed that wave ii/ completed with the test of 141.00 and wave iii/ is developing. The next upside target to look for is seen at 146.02 and near 147.00 as wave iii/ makes it way higher towards the 161.8% extension target at 151.50.
Support is now seen in the 144.26 – 144.33 area and key support is seen at 143.36.
Our stop+revers was hit at 143.10. We will protect our new long position with a stop at break-even at 143.10.
The material has been provided by InstaForex Company – www.instaforex.com