This pairing has been on the uptrend on the weekly chart so I'd be expecting the bulls to take effect from the 1.28948 region up to the region of 1.29365-1.29760 . The bears may take effect from the 1.29365 back to 1.28904 region , If broken I'd expect price to drop to the 1.28040 area and possibly to the 1.25599 zone..
The previous week ended on a bullish trend, price has gotten to 69.913 & there appears to be a price rejection in that area. The possibilities of the bears taking effect from the 69.913 point downward would signify a loss in strength of the bulls with the bears gaining strength. If this happens then I'd be expecting price to drop to the 69.40 region and further...
Due to the BREXIT sentiments,The bulls have gotten to over bought region with an RSI of 81.30 & I'd expect a possible drop down to 1.11252. If the market remains bullish then I'd expect the price to move up to 1.12155 . If the market drops beyond the 1.11708 mark then there's a possibility of the bears taking full effect dropping to 1.11252 & 1.10934 region.
