currency pair movement [main scenario]
For the past 2 months there was forming a correction, Tenkan and Kijun lines are bound below the price, the price has broken through the descending cloud and is moving above it, the further descending movement from the 1,2480 resistance levels is being expected. We should sell the pair below the 1,2480 resistance level, set take profit at these support levels - 1,2460, 1,2420, 1,2400.
currency pair movement [alternative scenario]
If the pair succeeds to break and get fixed above the 1,2480 resistance level, in such a case the further ascending movement till these resistance levels - 1,2500, 1,2535 is very possible.
LEVELS
Resistance: 1,2480; 1,2500; 1,2535.
Support: 1,2460; 1,2420; 1,2400.
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