- 1st time frame trend is down - Bearish Ichimoku trends in all three time frames - Looking oversold vs Tenkan Sen, Kijun Sen and Ichimoku cloud - Due for a mean reversion bounce to at least the TS at 1.1465 - Strong support found today at previous resistance at 1.13045 - Rejection has been strong with a distinct lack of acceptance of price at that level as evidenced by the strong shadow at the bottom of the candle - Buyers closed the session with control by closing towards the high - Sellers have lost control and the strong net momentum they had from the previous day - Strong opportunity for a mean reversion the to TS and previous resistance area at 1.1467 - 50% Fibonacci retracement at that area suggests it could be a significant area of resistance to upside activity