We are now technically in no-mans land..that's if you are looking at this from a daily perspective...the bearish pressure on the smaller TF's
spilled over to the daily chart but it's now just sitting there. For the pressure to continue we need to see PA below 154.
Personally i'm not convinced we are ready to head-up to the upside until we retrace to 150/151 (ish)..but never..say never.
If we can close above 158.30 then we go to 159.60/80 and above that we probably challenge the last high to form a triple top? @ 162.55.
Maybe we need to go sideways for a bit? i guess that's what she's trying to do...don't forget we also have the Head & Shoulders on the daily?...it's still valid...if we break and close below the neckline...
Let's see how the rest of the week plays out...no real bias this week but i'm more likely to short @ highs...
The USd pairs are kinda in the same boat...no real direction at the minute....we need a breakout one-way or the other...
Happy pippin
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