The trend is clear although choppy in this pair. There have been plenty of opportunities to get short. However as a trader who prefers sustained moves, it's been a bit frustrating as we've seen 3 pullbacks at the 121.70 level. Typically the 4th or 5th move will result in a sustained break. When it does move I expect to see a good 600 pips lower from current levels.

Stick with the trend and remain short. EurUsd also confirms in the short run this trade but we'll have to see on that pair. Looking for around 116.4 or so in July

Daily candlestick descending wedge pattern:


Weekly candlestick with fib levels:


-AgentSmith
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