Overall trend : Bearish
Ichimoku Analysis (Daily Chart)
Tenken-sen- 142.95
Kijun-Sen- 143.05
Trend reversal level (intra day)- 142.65.
The pair has lost the minor gains made today morning. It has jumped till 143.25 and started to decline from that level. It is currently around 142.78.
On the lower side, any break below 142.60 will drag the pair down till 142/141.11. it should break below convincingly below 140 for further bearish continuation.
The near term resistance is around 143.25 and any violation above targets 143.50/144.
It is good to sell on rallies around 142.95-143 with SL around 143.25 for the TP of 142.
