Plummet across the light blue support zone creating a hugh gap on opening this morning. Further weakness will result in a test of the lower support of the red channel. Upward resistance will probably be encountered at the following locations
1. Immediate green trendline resistance
2. Psychological milestone resistance 1.60
3. Current day opening price 1.62
4. Light blue support turned resistance zone 1.65 to 1.68
5. Gap resistance 1.68
6. IF the dead cat bounce suddenly develop wings upper red channel resistance
Next Typhoon Review will be posted when there is a diversion out of the red channel.
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