A gradual move lower having put in a new 2020 high at 1.2177 Frid

Mildly corrective within tighter ranges but underlying bull bias alive

Below 23.6% Fibo, 1.2041, off 1.1602-1.2177 might trigger a deeper drop

Note, 10DMA and Tenken line come in at 1.2040-41 too

A warning to bulls given by cloud twists, Dec 17-21 at 1.1761-65

A trend resumption targets levels above 1.2200 from Apr 2018