As technically assumed there are two target areas for the pair. Even if there would be a pullback the proposed targets are consistent.
By decreasing the price in the triangle, the trend of volume was increasing gradually.
In this time frame i suppose the price is getting higher than now.Whats your idea?
As trade war is getting worsen the expextation of market about crude oil consumption tends to be more decreased. Although the pulback is possible, the assumed steps are about 51 and 52 dollars per barrel.
The portfolio risks are getting higher than before.
I prefer waiting and watching about the future consequences..
In this vision its obvious that the price has lost the position of being ina bullsish direction and also we see the failed double top pattern. So even if the pullback is one of the assumptions, the Newsland dollar has choosed its way and the trade war has choosed the Japanese yen...