Yesterday, the pair formed a double top around the resistance level $103.92 as previously forecasted and is currently headed to the lower side. As long as the pair trades below $103.92, we expect a bearish impulsive rally towards $101.73 or even lower. In the meantime, we are waiting for a clear breakout below the short term support level $102.96 to give us the green light to continue short. We hope to trade this pair alongside USD/CHF and EUR/JPY. These pairs have a strong positive correlation of up +86% and will have a similar price action during this intraday.
Trade Recommendations:
Expect a possible bearish price rally towards $101.73. Conservative trader should wait for a clear breakout below $102.96 to go short.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 