As we can see from the chart, a very neat and tidy S&R Model here. The resistance line also conveniently sits at the 100.0 fib retracement so if it is properly broken there is potenital for 2900 pips til the next level @ 161.8 alternatively if the restistance proves too much we have a strong support line to watch out for. judging by the depth of market this would probably give us 3-4 candles (D1) notice to get that set up ready.