As you can see from this H1 graph, a possible channel is about to be formed. Both (blue) are clones to ensure the angle of the line is uniform.
Not only that the current price is near the top channel, it is also currently near the level of resistance @119.75. If price fall down from this level, price may fall until 117.60 - 117.50
I am still waiting for further confirmation before going for this trade.