this update on the pair is from the previous analysis of the pattern in play here. It showed a breakout to the top but has failed to continue above the 6 year highs it formed and now it is back in between the . It is currently finding support at a minor within the . If we remain patient for it break out in either direction, it could give us a good opportunity to pick up some fat pips. The target for the pattern on the downside is around 182.70 which is also a minor resistance turned support. It is also few pips away from the fib 38 support from the recent up move from 168.00.
Sell the pair below the around 187.20.
S/L above the minor around 188.20
T/P at the target at 182.70
Second target at natural support at 181.00