Last week was choppy for a 150 pip range.
The candle on Friday suggests downside could be the new bias.
Overbalanced formed (highlighted by two highs in blue ellipse)
touch of major key level and rejected price (highlighted in blue ellipse)
Realistically want a break of the current 3rd bounce (pointed to via arrow)
50% Fib is what you want a daily/h4 close to be below for entry.
Target area to be updated. Not surprised to maybe see 123.000