Price is hammering on the 1.14 S/R level and is looking poised to pop. Next daily resistance is the Weekly R1 at 1.28 and just above that the S/R at 1.335. If price drops down from current level, we might see a test of the daily pivot point at 1.105 and a close below that, will expose the lower Cloud on the hourly chart (right chart). To the upside intraday, we might see gradual moves along the pivots. Bulls would like to see a close above 1.14 and better a close above the Weekly R1 to create more upward momentum. The daily close above the Kijun Sen (white line) removes bearish pressure and increase the chances that we have a medium term low in place by the SMA200 at 0.57