More before Sunday Open

I suspect that price will gap downward 20 or so pips to a Fib level of 50%. But I think most institutional investors will take long positions through out each market open (Sydney, Tokyo, London, New York). I would look to see price hit the Fib 138.2 Extension level of 97.96 by Monday or Tuesday at the latest. (That Fib level is based upon the Friday low to high.) My counter thought is that there will be tight ranging around the current price of 30-40 pips. I am going to be prepared for both scenarios though. So I may wait to open a trade until dropping from Friday Close 96.55 to around 96.30/35 which I believe to be close to range bottom if the ranging scenario prevails. But it would also be a great entry for a long move up under the first scenario. We'll see in the next couple of hours! Plus one more chart in the 15 min time frame which goes nicely with the previous 4 hour chart. Notice closing price is right on the 62 EMA.