After the price pushed off from the lower bound of the yellow channel, we saw a slight rise in the market. It is likely that the price is currently moving towards the resistance of 144.59.
In case of a break above this level, the price growth will continue to the upper yellow wall and the resistance of 148.49.
If there is a rebound from the resistance level of 144.59, we could expect a decline to the support of 141.00, which is on the lower bound of the yellow channel.
Thus, let’s observe how the market will behave near the level of 144.59 and draw appropriate conclusions about the possible future behavior of the price.
