in the area of 50% Fib retracement, from January's highs and @ 61.8% from Aprils highs - could be a good place to enter short trade. we do have break of trend line
but luck of real volume
or rather low volume
suggest that buyers are not interested in buying at this level - more likely profit taking. RSI
overbought, pair in strong resistance area
Would be care full before tomorrows BOJ Kuroda speech and NFP - enter trade maybe after NFP incase we get spike above 103.
Trade has got good RR ratio - for more conservative approach SL somewhere above 104.50, for more aggressive RR ratio SL somewhere around 103.50