Prices approaching resistance, buy on breakout!

Price is approaching our major resistance at 107.43 (horizontal overlap resistance, 100% Fibonacci extension) and we prepare to buy if price breaks out above this level. A strong rally might occur, pushing price up to our major resistance at 109.21 (100% Fibonacci extension, 50% Fibonacci retracement, triple bottom exit potential). A breakout of our intermediate resistance level at 108.12 (100% Fibonacci extension, horizontal pullback resistance, 38.2% Fibonacci retracement) might provide the bullish acceleration to our take profit level.