the pair took its cue from BOJ and FED decisions this week, as we can see on the chart the pair is consolidating above the support level 105.00 CFTC shows that the opened speculators positions at the bearish range and there is a big difference between the price and the money flows, I think BOJ may intervene in the markets in couple of months, I would prefer buying the pair instead of selling it.
Stop loss and 1st target are shown on the chart.
add to your buy positions if the pair broke the upper band of the triangle.
goodluck
Stop loss and 1st target are shown on the chart.
add to your buy positions if the pair broke the upper band of the triangle.
goodluck
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