The pair remains settled below 122.35 which acts as a resistance against the current trading, to continue with the negative expectations on the near and medium term, targeting 120.10 and 117.30
Carefully note that the bearish bias is dominating the trading as long as 122.35 remains intact, while any attempt to breach this level will cause unstable trading for the pair, thus, the mentioned resistance should hold to keep our overview valid.
Expected trading range is between 122.30 and 119.10
Expected trend for today: Bearish