EJ Analysis

Daily: The pair has form a shooting star after being sharply rejected off resistance 133. The pair has closed near 132 region. More confirmation is needed at this point. Watch for reaction on 132 level.

H4: As we can see, the uptrend and EMA 21 has been respected multiple times. However, the pair has printed an evening star pattern at 133 level. More confirmation is needed on 132 level. A rejection on 132 would retest the upside. Alternatively, a break below 132 would expose further downside at 131 and increase the risk of trend reversal.