Price has entered the neutral zone within the Kumo Cloud after failing to close above the Monthly Pivot Point at 0.8590 which is also the upper band of the Kumo Cloud. It seems likely that price now is gravitating towards the yet untraded Yearly Pivot Point. The strong support level is comprised of previous previous low from Dec 2016, The Monthly S1 and the Yearly PP around 0.8350-70. A close below the yearly PP will open up for a move down towards the 0.81 level, marked with the lower Kumo Cloud band and the Apr 2016 top. A move lower, view from the Monthly Timeframe would still be considered as a retracement in an upward bullish enviroment.