It looks like we are starting an ascending channel on the 480 chart and the pair has broken through the original longer term resistance line. If so then this move up has a bit more to go before hitting the top of the channel and reversing. Though it is overbought now so could go either way. The one hour charts shows it breaking through the upward support line so it may make one more minor push up based on the follow through strength. The upside is clearly more limited than the down side though, just as you show so it is probably a good trade if you leave some headroom just in case.
reubenroyal
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@nuttydave, Yeah I believe like EUR/USD, it is starting to show some upside bias now.