The couple broke today important Fibonacci level 61.8, currently creeping test MA50 and MA100, a break will probably focus on the resistance level at 120.80. In the following minutes are likely to see a breakthrough of CCI above level 0.0 - signal for long.
Alternative scenario: If the current bar closing below 119.30 level - Short possible test of 118.70.
In the Asian session (2:50) expect data on the trade balance, exports and imports in Japan, will likely see an increase in volatility in the movement of the pair.
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