Type:
Bearish Continuation

Key Levels:
Resistance: 103.235
Pivot: 102.830
Support: 102.370

Preferred Case:
With price moving below the Ichimoku cloud, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% fibonacci projection from our pivot in line with the horizontal pullback resistance.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance, 78.6% Fibonacci projection and 50% Fibonacci retracement. Take note of intermediary support at 102.680.

Fundamentals:
The overarching aggressive hawkish Fed rhetoric has largely been priced in, allowing longs an excuse to take profit until the central bank chief Powell speaks on 25 May. We have a Mixed-to-Weak Bullish view on the trade.