Major resistance – 1.3100. Major support – 1.2920 (200 4H MA). Lonnie has broken psychological resistance 1.3000 and jumped till 1.30989. It is currently trading around 1.30264. Short term trend is slightly bullish as long as support 1.2920 holds.
On the higher side, major intraday resistance is around 1.3050 and any break above targets 1.3100/1.31736 (23rd May high). The major support is around 1.2990 (hourly Tenkan-Sen) any violation below 1.2990 will drag the pair down till 1.2940/1.2920/1.2888 (daily Kijun-Sen). It is good to buy above 1.3050 with SL around 1.2990 for the TP of 1.3100/1.3175