Bulls and bears played circus yesterday in a tug-of-war session betwee 161.85 and 160.75. It ended with bulls being able to let price close near high. Dailies is showing clear higher high and higher low patterns thereby providing bullish bias for today.
The consolidation during the whole US session gave us bullish signals to buy into the breakout early this Asian Session.
Bulls has taken out 161.85 and we are expecting the trend to continue to 162.70 to 163.30 where bears will be waiting.