– Buys on close above 161.620 as price breaks 1h Resistance formed on Friday London Close targeting 4h Resistance at 162.110 leaving Runners to the 1h Resistance at 162.530.
– Sells on close below 160.770 targeting 30min Support at 160.510 leaving Runners to the 4h Support at 159.990.
– Event : Japanese Holiday : Japanese banks will be closed in observance of Health-Sports Day.
– Ideally is to allow the Asian Session to form new Price Action for the week ahead.
– As previous Weekly candle closed Bearish with a huge rejection wick to the upside more Sells could play out, Ideally is to wait for Support to be formed and for price to break Support to have the continuation to the downside (Preferably to have the confirmation based on the 4h or the Daily timeframe as it all depends on how much Volume is in the market.