You see the problem is i have been staying clear of this pair and my initial projections saw it go to 141 and then a possible reverse?....however now it looks a lot more confusing...
This sucker seems to be setting up for a pump and run..sort of a possible semi side ways then a run up into the congestion zone at the 150 area.... I have always said i believe the long term down trend line will come into play and this could be it...
Still staying clear with no trades...overall bias remains bearish but we could be seeing strength coming into it...lets first get to 140/141 then i will see...
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Happy Pippin
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