As you can see there is a flag pole structure on the day candle, bringing some short to mid term bullish sentiments, combined with price sitting above the 200 day MA, adding a 50 day MA would also dhow price sitting well above it, adding that price bounced off the 50% fib retracement and is heading for the 38.2 with a bullish flag could mean a complete retracement and a bullish continuation, noting a major resistance just above and with volatility flooding the market it would not be an easy job continuing the up momentum, on the other hand, if price breaks and retests below the channel we should see a fundamental bearish movement to 118.50 area of support. also got some analysis from the stochastic short term, mid term and long term movements indicating a short term sell coming to an end