Sell below 121.23. Stop loss at 121.83. Take profit at 119.70.
Reason for the trading strategy (technically):
We remain bearish with price testing our 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.70 support (Fibonacci retracement, horizontal pullback support) which has been brought forward because of recent price action and with Stochastic approaching a strong support area.
Stochastic (55,5,3) has reacted nicely off major resistance below the 95% level.