Very clear bearish engulfing pattern on the weekly chart. Immediate support 1.5475 (fb33, Kijun in daily chart and EMA200 in daily chart) and 1.5340 (Kumo bottom). Chikou seems to meet price resistance. Stochastic has been waiting to come down for than a month.
Breaking of Kijun and EMA200 will mean a lot!
4-hourly chart, resistance at 1.5733 (fb50 retracement of Tenkan-Kijun crossing) and 1.5769 (Kumo bottom).
R1 - 1.5733
R2 - 1.5769
R3 - 1.5997 (recent high, breaking of which will signal the end of bearish retracement)
S1 - 1.5550
S2 - 1.5472
S3 - 1.5340
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