Price action suggesting continued bearish
momentum with hanging man
followed by bearish candlestick
, with the 200MA acting as a potential resistance zone
with stops just above the fib extension at 0.618.
Ichomoku cloud confirming the downtrend also.
Target point 1. 107.306
break of this level will lead to
Target point 2 at next major point of support at 105.272, potential of a possible 350+ pips