There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 114.75 would begin in Midterm.
The ascending flag taking shape suggests we will soon see another leg higher.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.