The pair is well over extended and well, many disagreements on my posts. That is fine, as in the end of the day we are all responsible for our positions.
For now, no change in long-term view, and including weekly chart view, that the pair is heavily overbought, and yes inflation is very high, and one should consider the pair as a managed float, does not mean the market condition can continuously drive it upwards. For now SELL current (or add) @ 16.60-16.75 and will update when again. The profit order for medium-term 13.75 for now. The long-term 10.50-9.7500 for now.
For now, no change in long-term view, and including weekly chart view, that the pair is heavily overbought, and yes inflation is very high, and one should consider the pair as a managed float, does not mean the market condition can continuously drive it upwards. For now SELL current (or add) @ 16.60-16.75 and will update when again. The profit order for medium-term 13.75 for now. The long-term 10.50-9.7500 for now.