DislikedHopefully, this bullish thrust will get to at least 180. At around 181.5/182, GJ is back again. FWIW, the possible reversal pattern I wrote about earlier suggested at least 180, but possibly 182 ish (height of pattern appled to breakout retest. Pattern height 460 pips. Retest was at 177.6. Maybe it works that way ... maybe it doesn't. At least it's not going down.Ignored
If it holds, the 179.30/00 could be a resistance, but I imagine it won't hold, and we're probably see 180.10/00 before any significant pause in the bullish momentum followed by a temporary correction down. It would also add further support to 175.70 being the end of the correction.
Update 1: We're back down with a breach of 178.70/60. Let's see which scenario plays out.