This pair has been trending down in a similar way that CAD / JPY has from 21/03/2012
Chart below
Once again price has pulled back and has been rejected at around 84.50 and the trend line above.
Price has broken back down through the averages and is looking as though it will continue the current trend down to support.
I am looking to enter short when price has pulled back and the stochastic has returned to the overbought region.
Chart below
I will update with the entry levels once the pull back is on.
Regards
Scott
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