Although it's trading in a consolidation, the path is obvious with the well-defined boundaries to both sites.
We just saw a rejection of the 116 level together with a divergence.Although this is a signal, as long as price is in the range, it's not a signal.
A break of 118 will have us looking at long opportunities. A break of 116 to the downside will get us interested in shorts. Good to have this pair on your watchlist. Especially with all the bearishness brewing up everywhere else.