I was looking for a bullish entry level but after looking at the hourly chart, the picture suggests to me that a bearish strategy might bear more fruit. The 100-hour MA comes in at the top of the recent range, around 128.15, and selling close to this level with a tight stop in place looks like a good risk-reward trade. Alternatively, buying a break might also yield a swift 100 pip rally. Support comes in at 127.20/35 so buying dips towards there with a tight s/l might also work. Play the range edges until further evidence emerges.