Price retraced to the red trendline
that it broke out of in early April
. It is also creating a double top
at the resistance level
. There could be a slight push higher as price bounces through the ascending channel
, but MT to LT
I think this will go down. GBP seems to be strong at the moment, so maybe JPY strength will push this lower. I'm taking this down until price touches the blue trendline
it broke out of.