On the daily chart, the price reversed from the support zone 107.6-108.4 then broke the descending channel up to reach the key resistance at 112.1
The price had made a pullback from this level to retest the channel & the zone
So, the price is expected to revisit these level before approaching back the 38.2% Fibonacci at 112.1-112.6
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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.