Price has continued its rise and is now testing strong resistance at 83.69 ( Fibonacci extension
, horizontal overlap resistance) and we expect to see a drop from here towards 82.96 support ( Fibonacci retracement
, horizontal overlap support). We keep our stop loss tight at 83.95 ( Fibonacci retracement
(21,5,3) is seeing major resistance below the 93% where we expect price to continue to drop from.
Correlation analysis: We're expecting general JPY strength with EUR/JPY
expecting a drop too.