Not too much to worry about unless you're trading it. We need a...

Not too much to worry about unless you're trading it. We need a bit of a cool off


short term view:
Low volume move out of our short term upward trend. Could be the start of the consolidation period.
It's closed on support which is a good sign
A close below support I'd hope the MA 20 pink or 60 blue can act as a dynamic support. Traders may enter again for a bounce trade
If we had a few more pips down on the hammer wick it would have been considered a bullish indicator too short term that the trend was continuing





Long term view:
The 200MA (yellow) is still pointing north giving a longer term bullish signal as the price is still sitting well above it. If the price falls below this our longer term trend is pretty much over as per dates: 14.06-19.07 when we last went below before taking off again. This also means a pull back to 12.7 could still be possible and be considered bullish if it bounces from here . Which you'll commonly see before other attempts at break outs below.

the 200MA and 60 also crossed which is a bullish indicator longer term