ISE FX Canadian Dollar ST: the upside prevails.

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R3 : 138.5
R2 : 132.75
R1 : 130
L : 126.4
P: 121.2
S1 : 121.2
S2 : 117.65
S3 : 114.8

Update on supports and resistances.
Pivot: 121.2
Our preference: Long positions above 121.2 with targets @ 130 & 132.75 in extension.
Alternative scenario: Below 121.2 look for further downside with 117.65 & 114.8 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
138.5132.75130126.4 (last)121.2117.65114.8

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