Looking at the weekly chart we recognize that price is at the support level. Weekly resistance stands at firstly 119.749 and a second at 120.476. The last candle on the weekly chart shows that sellers tried to send price down but for some reason buyers were in control to past its last low. The trendline holds strong and price will rise and retest. The daily chart shows a bullish Harami as well as a bullish pin bar which signifies the reversal as well as a bullish move forwards which acts as our confirmation. ‘W’ formation in play?