After breakout to upside, we should expect some retracements back to the downside. JPY pairs should see some strength as it is a safe-haven pair. Will be interested to see how this plays out.
Like I posted earlier in previous setups, I am bearish on the Cable due to potential $USD strength. We should see some downside at least till 1.24500s.
We should see $USD strength in the coming weeks as Demand is back for the dollar due to chatter along the lines of stimulus funding. Increase Sino-American tensions also play a major role in this bias asides from Technical Analysis.
Bullish $DXY and Risk-appetite subsiding as safe-haven $USD flows head back into the markets. Bears loosing momentum based on potential stimulus funding in Canada.
Divergence on the 8H seeing as Bulls have lost momentum to sustain 1800s. Might head back down to the 1600 region in the long term before attempting 1800s once more.
