Barclays gains to be capped.Barclays - 30d expiry - We look to Sell at 172.38 (stop at 178.52)
175 continues to hold back the bulls.
Broken out of the Head and Shoulders formation to the upside.
The primary trend remains bearish.
Bespoke resistance is located at 173.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Resistance could prove difficult to breakdown.
Our profit targets will be 157.12 and 152.12
Resistance: 162.50 / 167.00 / 173.00
Support: 155.60 / 150.00 / 145.00
Disclaimer – Saxo Bank Group.
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