My view on the pair has shown me that it is has just shot back up to its major resistance zone of 148.00 crossing over the 200 EMA forming an uptrend as well as an ascending triangle. This in turn shows everything is bullish and a lot of strength to the upside. Once Resistance becomes support when the bounce off previous resistance has played out, this would be a great time to get in, factoring in confluence, deceleration and Fibonacci retracement level 61.8, also your macro analysis and sentiment on price. Next price target to hit is 160.00