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18.01.202316:37 Forex Analysis & Reviews: PG stock price testing important support.

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Exchange Rates 18.01.2023 analysis

Green line -horizontal support

Violet lines- Fibonacci retracement levels

PG stock price is under pressure again, trading at today's open around $149,50 very close to the key horizontal support of $149. Price has been mostly moving sideways for the last month and a half with no real progress. So far price has tested successfully the support level of $149 for 5 times. Will the 6th time see a break down? Breaking below $149 will be an important bearish signal. First target would be at $142.30 where we find the 38% Fibonacci retracement.

Alexandros Yfantis
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