Technical outlook and chart setups:
Structurally, the Fibonacci extensions have been met with bulls taking out the 121.50 level on Friday. But as depicted in the weekly chart here, major chart resistance is at the 123.30 level, hence the bulls would be targeting these levels before a meaningful pullback materializes. Support is far below in the daily chart, but 121.00/120.00 could be intraday levels to keep looking for going long. It is recommended to remain long on small intraday bounces/pullbacks. One last upswing possibility still remains.
Trading recommendations:
Go long towards 121.40/50, stop at 120.30/40, target 123.30.
Good Luck!