The monthly outlook
for this pair suggested to take into account a reversal possibility. Now we see that the weekly chart tells a similar story. Stoch
wants to settle down in the below 50% zone. The neckline of the HS pattern
is broken, which coincides with the breaking out of LMLH. The price is now seemingly headed towards the next level to retest the monthly UMLH around Fib .236 level. As a result, the long-term outlook for this pair is in favor of the short positions.