Hi All,
expecting a sideways market for the better part of today as bears are fighting for control over for a bigger retracement. As this is an inside day, market movement will be choppy and this is expected as buyer's strength and momentum have weakening considerably.
Buyers support would be tested when sellers push for a low below 1.4640 and Sellers try to hold off the any attempts of a high above 1.4732.
As Japan is having is bank holiday week, only enter positions which offer good reward potential as there is a lower volume and increased volaility.
Regards,
Siwei