The price reversal zone on this pair is between 114.316 & 114.712
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 113.033
Stop loss would be placed above X leg .
Target 1 - 113.758
Target 2 - 113.408
I will update this post very soon on my overall direction prediction :-)
like till FOMC meeting next week and next Jan month end.
Thank you in advance!