This pair has been consolidating for a few weeks now between 121.00 and 124.00. Last week we saw price dip below 121 only for it to shoot back up into the consolidation zone, while also breaking through resistance at 122.00. We are now nearing 124.00 at which point i believe we could see a breakout of this zone with 127.00 potentially being hit in the coming weeks.
Stops - below 121.50
Target - 127.00
Stops - below 121.50
Target - 127.00
