Yanlord Hovering In the Clouds

Clouds hovering as Bulls and Bears await a major push to determine the next swing direction. A breakdown of immediate resistance at 1.94 will probably retest the red channel support followed by the light blue support zone, Further weakness will plummet price to the lower dual support of the green channel and lower support of the dark blue channel. A breakdown here may see support at 1.75 to 1.70 region.

Conversely, an upward move above the Ichimoku Kumo Clouds will need to clear the upper dual resistance of the green channel followed by the pink resistance area. A successful breakout will see challenges at the colored bands as upward surge continues.