There has been a long-term bearish trend in the pair since 2007, which broke in October 2021 - the 116-124 range is a very strong support range, especially the 124, which has been supported many times, is now engaged in the 156.50 resistance range. And then the range of 160.50 is the 50% Fibonacci resistance, and if it crosses, it will move towards the 169 targets.