• Pair moving lower in favor of the 1.5400 short trade
  
  
• Requires to beat tenkan line which support the market last week (Wed/Fri)
  
  
• Last week's rally halted at 1.5480, just 1 pip ahead the 1.5481 fibo
  
  
• 23.6% of 1.7192/1.4952 decline from Jul 2014/Jan 2015, signifying short-term top
  
  
• Short target is just ahead of 40 DMA, break up level the beg of the month