The daily close below 120 should open the downside up and my initial medium term target is around 1.1650. Resistance should be very solid now on the approach to 1.2150.
On a day trading basis, overnight support at 1.1880 needs to be respected whilst a previous support level at 1.1960 could now develop into a pivot point. I will play this range during Asian trade with a definite willingness to take on more risk on the downside rather than the topside.