There's a potential bounce by the shown trend line to be short until 121.8000.
1. Wait for the price to reach 122.5000 at least to make sure if the current bullish move is rejected or not.
2. If rejected, a SHORT position can be opened up to 121.8000.
Rising wedges are bearish. This one breaks on the 8th. I'm expecting a down turn unless there is some absurd fundamental change coming in supply and demand