Price closed below the .382 retracement from the previous high on the 26 June. There is a long wick above the candle to the .382 retracement (Bearish) and the next candle is short down to the Kijun.
If price closes below the Kijun, the next support is 1.16952 which is monthly shadow support from the bottom of the monthly Kumo.
Below that we test the fractal support at the double bottom. If price closes below 1.16578, then 1.145 is in line as the 100% extension from the current .382 retracement.
The 4 hourly, daily and monthly trend are still short.
This view is cancelled if the double bottom holds and becomes a triple bottom.
If price closes below the Kijun, the next support is 1.16952 which is monthly shadow support from the bottom of the monthly Kumo.
Below that we test the fractal support at the double bottom. If price closes below 1.16578, then 1.145 is in line as the 100% extension from the current .382 retracement.
The 4 hourly, daily and monthly trend are still short.
This view is cancelled if the double bottom holds and becomes a triple bottom.