79 and 127 confluence on two swings. Common 4H s/r level reached at that point. Bottom of pitchfork channel. 3 Drives down to the level. Already bounced...like GBPJPY (and probably other GBP pairs), will base here. Chance to get in on smaller time frames, like a 79 retrace of an impulse move or other method. 38 % 50 retrace is FIGURE level for exit or short for trend continuation. PEACE.