The pair ended the sideways bias by breaching above the resistance at 124.30 to achieve a positive level at 125.55 to settle at this level without the existence of any obstacle, which makes the price continues it’s bias to reach 127.10.
Therefore, we expect achieving 127.10 during the near period if the price settled above 124.30.
Expected trading range is between 124.40 and 127.10
Expected trend: bullish