It's currently retracing. Broke 140, so we should see 160 next. If it pierces that, then 180. Trend is definitely bullish, but also lots of scared folks out there....MtGox is not well capitalized in my opinion, and will have challenges.
Bitfloor is gone, who's next?
Support and resistance and indicators like Fibonnaci rely on a certain amount of volume and walls of institutional and retail bid and ask entry orders and stops to really work. It is difficult to draw any sort of solid technical analysis conclusions off a trend less than 2 months old and at it's peak volume in USD, was only 35,790 coins.