The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
That is good analysis and you could be right. My concern is that strong daily support level and you may find that price will range between the daily support and that first upper resistance level before either the bulls or the bears gain control.
