Trying out a long here at support. Looking for 115-118 range.
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This is a trade I intend to hold till end of June. I will close it before the release of GDP-numbers.
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Sliced current downtrend-line like butter. It will be a powerful rally. Just hang on and buy on dips. 115 is minimum, but expect re-test of top of 118-area as likely.
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Next challenge:
Strictly speaking, it can have the potential of one more low, but I just don't find it very likely atm.
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Bank of Japan has their interest descision this Friday. So, I sense then there can be a pullback.