The bulls seems to be loosing strength, however we are expecting they push a little to the upside before the bears come in strongly to push price below the significant level. We wait for price to push up, touch the significant level, pull back, corrects, then enter into a trade at the completion of the correction.
The overall trend is bearish, price has fallen weaker, we are expecting a pull below the significant level on Wednesday as the GDP figures will be announced, we will trade on a retest and its a 1:4 trade.
CFTC shows bearish sentiments, technical analysis shows bearish movement, however its a difficult one because we are expecting THE US DOLLAR TO BE STRONG, so it may be ranging, but should JPY have an upper hand, we will Jump on a sell position after restes
