Looking at the 4 hours time frame, the instrument started an up trend at 1.06326 which ended at 1.23499 then started retracing. if this be a correction in order to continue its up trend I believe we should be seeing a retracement back up at either 1.1633 or 1.16040 but at the same time might possibly form a head and shoulder pattern when it hit 1.14817 (very possible)
Note: This is not a financial advice but what I am trading currently Hey mates what do you think of this analysis