Midday Report

The secondary 4h image shows that, the pair has formed a bearish candlestick, accompanied by closing below the key support over intraday basis at 149.05. Hence, the scenario will be kept to the downside under the negative pressuresfrom thedaily double top pattern.

The trading range for today is among key support at 144.30 and key resistance at 154.65.

The general trend is to the downside as far as 167.40 remains intact with target at116.00.

RecommendationOur morning expectation is still valid