The 114.12 area is a significant area of resistance on a higher timeframe chart. Whereas we have been in a huge sideways range and the monthly has an up AB, I still think that there is a chance of this breaking lower. Frankly the higher timeframe strength is at 11920 and the lower fib boundary for me on the short is at 10520. A break of 111 will be greater evidence of the selling. SO- let's keep an eye on this and I will keep you updated.
Trade active: Sold 114.12 an hour ago. One is for 80 pips. the stop was at 11457 and is now at break even. Will keep you updated. Safer shorts will manifest below 111, so if you want to join me then, message me and we will sell this thing into 105.20 if this does not work and we break this A, we will go north to 119.20
Trade closed: stop reached