The price in this pair is below the structural point again 120.38. Several attempts was made to break and stay above this level, but to no avail. We have initiated a short from 120.38 targeting the 118.87 area first. SHORT: 120.38 STOP:121.20 TI: 118.87 T2: 117.76 GLT For more info and updates follow us on twitter @charts_247