As expected per my post of last week, the pair was not the ‘smoothest” pair to trade, but not unusual for this pair! It found support at the 147.50/77 support closing just below the 150.00 resistance on Friday. I did not trade this pair last week as I’m waiting for a re-test of the 150.00 handle and perhaps the Japanese election will give us this move (or not!). However, at this point I’m still bullish on the pair and if it breaks 150.00 our next level is 152.00 area of resistance. As long as the pair can hold 144.70/145.00 as support I see this pair moving to the 160.00 area, but this will take time. I will not consider selling this pair until it breaks the 144.70/145 support zone.