Current price: 151.30
Key point: 150.85
Our preferred direction: Buy positions above 150.85 levels with 151.90 as a first target and then 152.50 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 150.85 level, targeting the 150.20 levels.
Technical commentary
The pair rose from the support level of 150.85 after the strong rise last week, and is waiting for the symmetrical triangle to break upwards to head towards the 151.90 levels.
In the event of a downward breakout of the symmetrical triangle with a breakout of the 150.85 levels, the pair will head towards the 150.20 levels.
