Market have problems to go above 170.30.
Rates are playing above the cloud, the 2 sen are showing a bullish trend. Thing is they are very close. Span is trying to break and to work under prices which is bearish view.
We rebound last 2 weeks 2 times on the EMA50, we can watch divergence on MACD and RSI over the few last weeks.
The cloud is fat, which means the trend will be stronger, so if we are going under 165.66 we could increase the probability of a return to 161.60.
In short term open a short @ 165.66 with SL @ 166.93 and 161.60 as target.
I will not open a long position at the present time or taking my profit at 166.93, I am waiting for a massive drop on eurjpy, will see arround 165.60 what's happening
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