Today\u2019s pivotal point is likely to be 0.7083.
April that the price was still making lower lows and lower highs, which suggested the medium-term bearish trend was still in force.
I was correct about the primary direction of the day, as the price fell over the day and reached as low as the support level which I had identified at 0.7082 shortly before the Tokyo close, but the price gave a nice short-term long trade from that level when it was reached, signalling its intention to move higher with a bullish pin bar on the hourly chart.
, with the price retracing back to its consolidation area just above the nearest support level at 0.7082.The price is clearly within a long-term bearish trend, so
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