We have an extended sideways movement on Daily chart, the price has approach the hihgest high from 8 December 2014 but wasn’t able to close above this resistance. You can see that we had an ascending channel, the price has broke this channel on 24 March. The price has found support at WL1 and has grow to test the broken channel. Now the price is challenging again the warning line (WL1) and meybe we’ll have a breakout and the price will decline further. We have an important support area between 115,85 and 115,54. JP225 index has broken an important support level and now is testing this line, the price is expected to go down on short and medium term.


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