Last week, market tested and broke resistance zone around 102.75 three times but failed to close above it. From the chart, we can see the three candles with long upper wicks showing rejection of resistance zone. Will be looking for short opportunities from any retracement back to 102.75 level.
Drilled down to H4 chart. Price seems to be consolidating waiting for breakout to either side. There is also support around 102.30. I will only looking to either long or short if it breaks out of this consolidating pattern.
Sam0101
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hi casey, whats now for this pair?
Casey_Yeo
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I will still wait for opportunity to short within this zone - 102.75-103