Daily: On the , we can see that the pair has found resistance on 133 level and started to retrace downwards as it form a small top. Following that, it has push lower and found support at 131.25 level as it formed a . Rather than interpreting it as a rejection for further upside, I see it as a signal for further consolidation as seen from the weekly formation. More confirmation is needed from the lower TF.
Things to lookout for: Wait for the pair to play out. If the pair managed to make a sustained break above 132, it will be exposed to the upside at 133. Alternatively, a rejection on 132 level will signify further downside target at 131 level.