Inverted Head and Shoulders Continuation

With the larger trend still in a steady uptrend and following a short period of consolidation around the Yearly Pivot, price action from yesterday has hinted toward strong support from the Daily 200 SMA and also Yearly Pivot level @ 1.720.
From here I suspect we could see a break above resistance from the Monthly R1 Pivot @ 1.727 triggering the inverted head and shoulders and targeting the Monthly R2 Pivot @ 1.747