on weekly, still trading above 20 SMA
on weekly, daily close below 20 SMA
. Daily close below 133.7 will see a move to the downside, target 132, confluence with the monthly pivot
and 50% fib level. A daily close above the bear trend line
will see a move up to 136.7. However, USDJPY
is seeing dollar strength and yen weakness, which is contrasting my above analysis - so watch closely usdjpy
. We want correlation between the pairs.