The pair accomplished clear positivity in last Friday to reach 122.90 to approach from 38.2% Fibonacci (declining from the top of 169.72 reaching to 93.95)
In general, the main support level around 116.50 makes the price stable in the bullish bias, therefore we expect more positivity in the near period when surpassing 122.90 and then reaching 124.60.
Expected trading range is between 120.90 and 124.60
Expected trend: bullish