Price has reached a weekly key level after a strong bullish run, price looks like it could continue higher if the weekly level it broken.
Price has rejected the weekly level with two long wicked daily candles indicating a possible pull back before continuing upwards.
On the 4HR chart you can see even clearer the rejection of the weekly key level. The 4HR trend line has also been broken adding confluence for a retracement. I can see the price moving towards daily key level of 1.22944 which was previous resistance.