This pair finally made the bounce off the bottom of the channel and went into a small consolidation period. The inside day bar at the end of the consolidation was a pretty clear indication to me this pair was going up. And it has. We can and likely will anticipate and expect a test of the top channel at the 1.122-1.123 area before coming back down. I do not see a break above the top channel as the pair hasn't broken the top of the channel since the formation and given the bearish overall view.