1st do not get confused with my other charts posted on twitter: @FXPIPTITAN ... This chart shows a continued move downward and as mentioned, look for a possible bounce up: Be Ready. However, keep in mind that the trade signal generated here on this chart has not changed as of yet.
After seeing not much of a reaction from Cable on Friday after the release of the NFP numbers I do believe 1.2207 will hit but there won't be a strong move up, just a small one if it occurs.