This pair change its weekly trend from up to down trend.


We already got LH on weekly chart.


If this marked resistance at 50% Fibonacci retrace will be respected, price could move down to next support which is at 115.14 level. So this is almost 1000 pips lower. So look for entry signal on 4h chart, if we will not get one on daily chart. Other option (2) is that 50% Fibonacci retrace will not be respected. Then we could change from bear to bull and wait for a retest of previous resistance, turn into support and then long this pair.
Tomorrow there is BOJ Gov Kuroda Speaks news in Japan and in Switzerland there is Libor Rate and SNB Monetary Policy Assessment news.

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