The weekly chart is still very much overbought, but the pressure is slowly reducing.
I think we need to see 125.37 before we may see a short-term bottom on the pair. The monthly chart suggest slightly more and 121.17 is possible for coming months.
For now we sell @ 129.30-129.60 and add again @ 130.50-130.80. This means we are already short (my average 129.55) and we only add much higher. Take profit I feel 126.37 first.
I think we need to see 125.37 before we may see a short-term bottom on the pair. The monthly chart suggest slightly more and 121.17 is possible for coming months.
For now we sell @ 129.30-129.60 and add again @ 130.50-130.80. This means we are already short (my average 129.55) and we only add much higher. Take profit I feel 126.37 first.
Comment:
I have taken back @ 127.90 position and to re-sell it back higher. Short-term it may move back upwards is my feel. If not, will wait ..
Comment:
will start selling again @ 128.60 > 129.50.