| Our pivot point is at 125.84.|
Our preference: the upside prevails as long as 125.84 is support.
Alternative scenario: below 125.84, expect 125.43 and 125.18.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 125.84 and 125.57).