Price has accelerated to the TL and breached SMA200 on Monthly tf. The 50% fib stands at 111.55 which is precisely at the Yearly Pivot R1. It is probable that this level will be tested. The oscillator put in a significant bearish divergence in the beginning of the year but right now it doesn't seem to play out. Instead PA resembles the early phase of a new large leg up with its fast move. Sometimes though this also happens at the very top of a wave. A close above the TL and further up the 50% fib/Yearly PR1 signals further gains throughout the rest of the year.