Midday Report

The pair slightly inclined in today's trading, affected by the positive reversal on Stochastic. However, we still see the pair is likely going to drop, where trading below level 150.05 keeps the downside intact, despite the slight possibilityfor the upside, we still see chances for a downside move, mainly affected by the descending channel shown above.

The trading range for today is among the key support at143.60 and the key resistance at 153.60.

The general trend is to the downside as far as 164.90 remains intact with targets at 116.00.

RecommendationOur morning expectation remains valid