The line of best fit drawn through 251/241/216 comes in around 135.50 according to my charts but as it’s a long-term line. the smallest movement near the top can mean a lot at the bottom so we need to give it a bit of leeway. The daily charts are looking to turn bullish with the overnight break above 135.00 but once again I think we need to await confirmation. The hourly charts are overbought but they always are after a sharp upmove.
