Monthly chart: Candlestick – will break thru a weak s/r level 109.593 MAs – 3 and 9 and 13 have crossed
MACD – histogram – flat Momentum – at 75% and is declining Stochastic – has crossed and is declining CCI - flattening Bollinger band – in the lower band
Weekly chart: Candlesticks – opened low MAs - have crossed
Might attempt at s/r = 108.834 (lower of 109.593)
Economic Calendar Wednesday 14th June 10.30 = US CPI Thursday 15th June 04.00 = Fed Interest Rate decision & FOMC Economic Projection
Friday 16th June 1pm = BOJ Interest Rate decision
This means = wait, need a (convincing) direction from BOJ, FED and FOMC meeting results. I have a feeling (cannot be acted upon) that it will touch 108.834 or at least 109.593 then bounced up after the FOMC meeting results. [This means, if it goes up, >July only can enter - waiting for confirmation].