May 12th- Short-term in View G/A looking weak technically and weak data ( though the June data is more Important than the latest set) , a short towards 1.7400 from 1.7483 might be playable, although a bouncy movement within the white box may be expected.
In the Longer term view for week 20 , looking at a drop towards the 1.70705 area if it can Closed below 1.7377 on a H4 TF.
It has risen from the area of 1.6489 (April 14) hitting a high of 1.76516 (May 09), a corrective moves should be in-coming towards June Uk election and the post OPEC meet on the 28 MAY.
In the Longer term view for week 20 , looking at a drop towards the 1.70705 area if it can Closed below 1.7377 on a H4 TF.
It has risen from the area of 1.6489 (April 14) hitting a high of 1.76516 (May 09), a corrective moves should be in-coming towards June Uk election and the post OPEC meet on the 28 MAY.