Price has bounced off the 0.618 Fib level and continued in downtrend, approaching the D extension levels.
Daily on Friday also closed as a Lower Low indicating further downtrend pressure is imminent
On the lower time frames of 4 hour and 60 minute, price has respected the current level of weekly and daily S&R and so anticipate a bounce and a continuation
Current targets are set at the 1.3787 price (previous daily S&R) and the Fib extension level of -0.27, which is also confluent with daily S&R.
Will watch early trade action on the opening of markets prior to entering a trade