Since my last post, the pair has reached as high as 162.58 before going down again to 154.05, which gave support for the pair. However, after sideways for the last 3 weeks, it went down for 1,000 pips this week. The pair also closed below 30 EMA, meaning that more down should be anticipated for the following week. The pair almost touch 38.2% retracement of 118.80 (low) to 162.58 (high) at 145.86. The target remains the same which is the 50% retracement at 140.69 area. That's all, have nice weekend. Take care..
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