Price is in a short down trend. Think price will meet the trend line again and drops down to the 0.67 area. If price breaks the trend line and gets support from the trend line we will probably see price go back up to 0.69 or even to 0.70 but with the latest Dollar strength I will put my money on a move down.
After the DXY finally broke trend at the end of this week. We could see a move up on this pair. Price will probably find some resistance at 1.18500 and 1.20
The British Pound is in a long term down trend and will continue this trend to the next Monthly support level of 144.000. There is some financial data coming out today for the Yen and the Pound, so I expect price to move a lot today.
