Well we've been stuck in this period of consolidation for a good amount of time now. On the chart are some S/R levels confluent with Fibonacci Levels plotted from the Weekly low (115.50-116.08) to the Weekly High (121.45-121.79).
Areas to watch for signs of momentum will be at the 618 / 786 Fib Retracement area. With major support lying between 115.51 / 116.08.
A break above the key level of resistance (121.45-121.79) would signal a long entry.
Note: By saying "break above" i mean a Daily candle break & close above the level of resistance.
A break below major support at 115.51-116.08 would signal a change of trend for me, and a short entry.
Happy Trading Traders, see you all at the London open! =)