The short-term sellers on this pair continue to enjoy the ride, with prices so far being resisted at 50% of the day's move (a popular level for Fib watchers), on Geppy's attempts to re-assert a bullish kickback.
As long as price remain north of 236.50-70 the higher low step (& the current longs from further back) stays genuine.
Aggressive shorters will begin staged encashments (& look to throw in the towel) on a sustained shift thru 238.30-65, as this will negate the lower high momentum on the intraday charts.
So, money is still being made by both camps inside this wide channel.
No need to begin waving the white flags from the mid-term bulls yet, & no real requirement for the short-term bears to give ground either.
If you got your dual strats well sussed, there's money to be made playing these instruments from both sides of the track
