Tatiana Norkina, FBS analyst
After the bears failed to break into the negative zone from the cloud area on Thursday, the bulls decided to get into the game, managing not only to break through the Ichimoku cloud upper border resistance, but also to consolidate above the Senkou Span B level during Friday's trading. Within the day, the 1.0900 figure has been tested and, so far, it remains the major obstacle for the bulls on their way to 1.1000. We shoud also pay attention to the 1.0950 level which might be a stumbling block for the buyers. And despite the apparent reversal of all indicator lines upwards, we do not rule out a possibility of a rebound from 1.0950 in the downward direction.
Technical levels: support – 1.0840, 1.0790; resistance – 1.0900, 1.0920, 1.0950.
1. Buy — 1.0840; SL — 1.0820; TP1 — 1.0920; TP2 — 1.0950.
2. Sell — 1.0950; SL — 1.0970; TP1 — 1.0840; TP2 — 1.0790.