Spot Price: 121.80
Technical Analysis:
The market jumped higher from 121.00 (Wednesday"s spike low) which can be seen as a near-term rejection of the Ichimoku "Cloud". Despite this, we remain bearish on this pair, we expect a retest of 121.00 to occur over coming sessions. Long upper shadows have been seen on Thursday and Friday. The Kijun Sen line (current at 122.47) should weigh.