Hi,
BXY on the 1-hour chart remains bullish, supported by the 133.96 low, which is attributed to the bullish pin from Thursday, May 22, 2025. This is a thin area, consolidating bullishly against the 134.30 level, driven more by price volatility than by price momentum.
There is strong bullish pressure to test 134.69, so a potential break of that resistance could lead to a rise up to 135.02.
If the price falls and breaks below 133.75, then the setup will be invalid.
Happy trading,
K.
Not trading advice.
BXY on the 1-hour chart remains bullish, supported by the 133.96 low, which is attributed to the bullish pin from Thursday, May 22, 2025. This is a thin area, consolidating bullishly against the 134.30 level, driven more by price volatility than by price momentum.
There is strong bullish pressure to test 134.69, so a potential break of that resistance could lead to a rise up to 135.02.
If the price falls and breaks below 133.75, then the setup will be invalid.
Happy trading,
K.
Not trading advice.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.