in many ways I regard it as the 'hub' of the forex markets, indeed of wider
systemic importance, for lots of reasons.
Again the pair has reached the edge of an influential downward .
It didn't break it last time, around the 8th. Watching it very closely.
I've also highlighted the sharp upward channel lines in blue. And what I think is possibly the (?)
in stronger blue. Will this channel hold? Why do these lines keep reappearing?
Considering also the change of behaviour seen since the recent Nikkei crash
back end of June, stability of markets etc, (a brief 'normal' period 27th/2nd)
If it breaks the resistance which seems to be just above this line, well ... Ready for take off?
The Nikkei is back to just below 1500. Interesting territory.
See what happens overnight eh?