Today, after losing the pivot point at 137.86, the pair is falling 100 pips, trading now at 137.22 yens per pound. Right now, the pair is consolidating with the resistance at 137.16 yens per pound, while traders wait for an interception with the 100 and 200 days MA.The bands of Bollinger show a volatility of 140 pips in the hour, while the 14 days RSI is around the oversold area. On the four hours chart, the spot is getting closer to the 38.20% of the last short movement, while traders wait an interception between the fast and slow Ichimoku averages.

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