The reason might be because of the holidays and inadequate fundamental news but the result of all has formed a Diagonal.
Depending on different counts we might consider it a or an , but it doesn't matter for now which one it is, as we're expecting a sharp correction to the upside for all kinds of diagonals.
I've marked a Fib_Cluster for the possible termination of the diagonal (The zone was so tight, it formed a line).
The invalidation point is where the wave 5 gets bigger than wave 3.
For the targets I have used both rules and and found a convergence which would give both Time and Price of the target.
This method has already worked on the EURUSD idea.
I will post updates as soon as the market opens and we see more developments of this pattern.