Selling continues from 1992-88 resistance to target 1950
Price rejected from 1992-88 resistance on Friday and could not climb to 2000 as hoped by many traders. Today morning we saw a sell-off from 1992 to 1981 in first 4 hours of Asia session. Market is discounting 25 bps hike by US FED this week. Policy statement will be watched out to see if US FED is still hawkish for June FOMC or not. Happy Trading!