SEKJPYThe overall chart pattern is a bearish Channel.However the trend has shifted with double bottom at 10.6507 of the psychology. A weekly close above the double bottom neckline will expose 12.4075 the 50% Fibonacci retracement zone. There i would be looking for a retracement with a confirmation of candlestick reversal signal to the neckline to confirm the double bottom.
The trend psychology of this pair shows it hardly retest and when it does it does it hard to 61.8% Fib zone.
(Psychology mental model of the pair)
