Quick up update still anticipating a break in order for direction on this pair. Patience is key. A break to the bearish direction I will be targeting 116.197 as highlighted.
Possibly a short entry on this pair coming off the fourth Elliot-wave, also taking it's third touch off the trend line. With good indication to get short I.E Good PA I may look to get short.
This pair has now broken a good weekly support within a clear downtrend. I will be in search for some sort of pullback to gain entry to a short position.