Time Frame : 30M
BIAS : Bullish
Price bounced at 105.200 demand on D1 time frame , 2 weeks ago. As we predicted from last weeks analysis , we saw a bullish move back to 107.00 area. Per the uptrend channel being formed on the lower time frames ( 30M & 1H) we should see a pullback back to the 106.600-106.500 zone. A rejection of price at this zone will indicate another bullish move to 107.300-108.00 area. If there is a break of the uptrend channel to the downside, we should see a decline of price back to previous demand zone (105.200-105.00).