Reason for the trading strategy (technically):
Price is back to testing our selling area. We remain looking to sell below strong resistance at 86.57 ( , ) for a corrective drop towards 85.42 support ( , horizontal swing low support).
(34,5,3) is seeing major resistance at 91% and has reversed nicely from there.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY , EURJPY and USDJPY .