Hrly chart showing a reasonable head n shoulders, the blue segments are the height of head to neckline...
Used as an equal measure move from recent higher low goves nice confluence with trendline (taken from zoom out). giving a bounce point at around 1.39
Also coincides with a 1.618 fib extension of first down wave
used as calc for eahd and shoulders gives a lower targed around 1.387 also coincides with 200 period moving average on this timespan.
Not I am longer term long oriented on this pair tho may be wrong.
Quick zoom out to show trendline...
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