Despite losing part of the bullish momentum in the 4 hours charts, pair remains close to key resistance area at the 124.20 area that for now, keeps capping the upside. Positive tone in local stocks market is favoring the upside on the pair, also supported by MA’s under current price. Acceleration above mentioned 124.20 area should lead to 124.60 zone, ahead of key 125.10 level. Only under 123.50 pair could lose some upside momentum and test 122.80 strong support zone.
