Price is under the daily pivot with a falling trend line. Retrace of last top stopped at .78 fib would look for compliment fib of 1.27 - 117.01 on basic fibs and extension fibs 1.27 - 116.49. Last monetary policy brought up the fact that the small firms were under pressure with a weak yen - not a great case to short - but the fact that it was identified as a potential problem may cause price to fall alittle. Weekly pivot at 117.40 and mid band at 117.48 would need to be crossed and turn resistive to price, daily pivot would need to stay intact at 118.06