has been building some bullish
momentum recently. The pair now sits at the bottom of a thick kumo, as well as at the descending trend-line resistance level
. Our fundamental bias for the pair is still bearish
, so we're interested sellers. We will, however, require some bearish
confirmation prior to going short. What we're looking for at the moment is a break down from the kumo, breaking the kijun and the RSI
ascending trend-line in the process. On such a break we'd be short the market, with a stop just above the 61.8% which has held recently, as well as the top of the future kumo.