I will be buying this pair on the demand level formed yesterday during early NY trade on the retest. In the other hand, this pair just bounced from a daily (massive) demand level , thus a bullish momentum will be expected on this pair.
Yup, at the moment you can sell the pair as you can see on the screenshot that I have a supply level up there and it is currently lingering. For bigger picture, it seems to me that this pair is near the demand, thus be careful in selling.
Daily Demand doesn't look fresh to me. Could well have been absorbed after being hit 4+ times. I will be shorting based on H1 break of TL and SR flip zone not holding. I also notice pockets of supply slightly higher than current price.
Yup, There is a chance too for break-out to the downside since the demand level is not fresh anymore. Adding to that, USD Index is on the daily Supply as well , thus Yen strengthening. You are right, in case of breakout, a nice supply may be created and sell for retest.