On the upside any break above will take the pair to 120.75/121.60 in short term.
The minor support is around 118.80 and any break below will target 117.90(23.6% retracement of 105.18 and 121.83)/117.20.
The pair is trading between 118/119.95 for the past three trading session.
Indicator (1 Hour Chart)
(50) – Sell
(14) – Sell
Recommendation: We prefer to remain neutral waiting for new confirmation signals.