Last week I marked 3 possible options to look for short entry on this pair. Today option 3 came into play.


If 61.8% retrace and horizontal resistance level 136.76 are strong enough, we could see fall at least down to 130.00 so more than 500 pips.

There is Monetary Policy Statement and BOJ Press Conference news ahead of us. In EU there is German ZEW Economic Sentiment news.

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