The 114.12 area is a significant area of resistance on a higher timeframe chart. Whereas we have been in a huge sideways range and the monthly has an up AB, I still think that there is a chance of this breaking lower. Frankly the higher timeframe strength is at 11920 and the lower fib boundary for me on the short is at 10520. A break of 111 will be greater evidence of the selling. SO- let's keep an eye on this and I will keep you updated.