As long as the following conditions met, we have a good opportunity to take an upside reversal trade -
1) Price does not fall below 108.36 area 2) Price respects the level between 109.08 to 109.56 3) Price shows up a strong impulse move up (as a confirmation)
The gap created on 22 April has been filled up now. I hope it makes an upside reversal now as you suggested. Is the UK election result tomorrow going to impact this pair ?
KarYong
⋅
@siarian, yes it might have an impact on the Japanese Yen as a safe haven currency