On the weekly timeframe we are successfully rejected the level as described in last weeks analysis. We closed bearish with very little wick to the downside. I am looking for price to continue to push to the 1.20200 level before finding support.
On the H4 timeframe we have successfully moved in the direction of the trend as described in last weeks analysis. You can see a clear break of the uptrend followed by the formation of a LH point that was respected to the downside. We will wait for a pullback on the higher timeframe or try to ride the downtrend on a lower timeframe (M30/H1)