Break of trend looks like a potential headfake

Euro Fx/Japanese YenFXCM

Description

⋅ Dec 23, 2013 11:39 AM

- Hanging out the back of this trend line.
- MACD cresting
- Oversold on 30mins.
- Looks like 142 will be defended
- Daily MACD says its due a correction. would wait for any follow through either way from these levels.