On October 4th 2018 price almost reached Monthly Resistance 1 (MR1) (114.80) and got rejected very strongly. The price has been rejected from this level (114.60) strongly since beginning of 2017.
If the price drops down to 112.85 area, it would reach 38.2 Fibonacci retrace level and previous high. The price could continue retrace to 50.0 (112.20) and 61.8 (111.62) Fibonacci levels. In case these levels hold, we can expect an upward continuation move to 115.80-117.50 levels.