What's going on for the next week in this exotic pair?
- The pair has just broken the summer 2015 resistance, it took a day and you see that the bears did not manage to bring the price down. It bounced against the cloud.
- movement broke the resistance and the price reached the upper levels. This former resistance is now a support for the SL of a long trade.
- PA is above Kijun, PA is above the cloud, lagging span has no obstacles in sight. Moreover it broke through the two upper bands. From point of view, it's
- A small correction will probably occur towards the Tenkan and evt. Kijun. The long entry can be issued afterwards.