Today no important news (just 14:30 from CAD)
It is in 5 (or ABC) move down. Second impuls wave is also 5 wave move. And now it is in IV correction move. It revers from S/R and 61,8 Fibo level. Now it is 3hours horizontal move.
What is strategy for this. I'm waiting for signal on 5minute chart and than probably open position with SL just over this last consolidation.
Breaking 109.90 will be long signal and than i will search for long positions.
There was v good sell signal on EUR/JPY. Hope someone took it.
Anyway I will look now for break of this resistance 109.90.