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On a daily chart we can see that price is trading around Kijun Sen which is definitely an area of support for this pair.
On H4 chart it is also obvious that we have a strong uptrend. Price went through the 120 level, reached almost 122 and then came back to 118. I personally think that from here we have a good chance to go long. Perhaps price will drop on market open or soon afterwards, perhaps it will take out lows below the recent swing low. Also it is possible that pair will go straight back up. I wouldn't look for any short selling here.
On H4 chart it is also obvious that we have a strong uptrend. Price went through the 120 level, reached almost 122 and then came back to 118. I personally think that from here we have a good chance to go long. Perhaps price will drop on market open or soon afterwards, perhaps it will take out lows below the recent swing low. Also it is possible that pair will go straight back up. I wouldn't look for any short selling here.
