There wasn’t much of or structure to identify. From PA point of view, we had a solid bear candle.
So, it is likely to go lower since AUD is apparently very weak too.
Please keep in mind that it is nearing to the great support such as 86.9 and 86.2 regions.
We have JPY rate on Tuesday. Last week, Abe just won the election and it is likely he will still be in the dovish mode for JPY.
I expect it to go to 88.3 level first.. and there may a bear set up may appear.
For now.. DO NOT add short..
I am busy with SG and events for now.
Pm me in FB..we will talk more.