1. Break and retest of a monthly as support.
2. Key area support of 102.000
4. from 2012.
5. is in Oversold territory.
Some potential positive Fundamentals for this trade are:
1. YEN - BOJ may want to cut their rates or introduce more stimulus as a strong YEN (Due to potential safe haven status) is totally against what the Bank wants.
2. DOLLAR - FED 'May' hike their interest rate but its unknown as to how likely this is.