Price at daily kijun support, either it breaks then next short target would be around 128.97 or bounce off that support.
Also be aware of the kumo twist ahead of the lagging span which is a weak spot for further downside.
Price has broke the kijun.
Got in the cloud and lagging span still above candles and its kijun.
Bearish signal will be confirmed once the lagging span breaks the big candle (orange circle) and its kijun.
If the level 1.2845 doesn't hold, next short target would be around 1.2773.
Price giving a bearish signal but the lagging span is still above the price. As long as the lagging span stays above price and/or above its tenkan/kijun, the bearish signal is still in standby.
Look at the orange circles where price gave a bearish signal but the lagging span was still above its price and/or its tenkan/kijun and price went back up.
As a reminder:...
Price has trading in a range 109-115 for almost 6 months now.
It looks like supply getting more strength day after day at the support zone.
Today's USD GDP could lead the direction of the short term trend.
Price turning around the major S/R Zone (131.36).
Let see whether buyers or sellers come in first.
If this level holds and buyers come in, the next target would be around 133.54. Otherwise, a pull back to H4 Kijun around 130.20 is a potential short target.