Did not post about this pair last week as the better play was euro. The upside breakout triggered on this one anyway and the 200% upside expansion target was tagged at the end of the week.
[B]Next Week Outlook[/B]
2x target tagging almost always leads to some consolidation first. Thus I do not expect a lot of action coming from this pair in the beginning part of the week.
If a pullback to last year close (red zone) happens, it will be a strong up move in the making if a 1-2-3 buy is staged off that area with initial target at previous week high (yellow zone) and 50% upside expansion (green zone) next. For this reason, it is on my monitor list this week.
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