My BIAS here is still long term bullish
. I have a number of long term longs in place. The current strategy is more about protecting these positions as we have been experiencing a bit of a struggle or shift in sentiment recently due to worldwide economic events, risk aversion effects and the equity markets.
This could be a telling week for this pair. Going to wait to see what the equity markets do this week.
I'm liking the price action we are seeing on this latest rejection at 116 support.