The pair is encountering resistance levels from both the daily and hourly charts

Looking at the daily chart, the pair is struggling to get above the 23.6 retracement level @ 152.53 and that is helping to put a cap on any upside movement for the time being.

Although the pair has held above the 100-day MA, the near-term bias doesn't suggest that the pair is clear to make waves above current levels just yet.

Looking at the hourly chart, the pair is so far struggling to get above the 200-hour MA and when it does it gets rejected by the 23.6 retracement level on the daily chart mentioned above.

This region between 152.36 to 152.53 will be key for buyers to break above before near-term sentiment turns bullish.

As for sellers, they would have to break below the 100-hour MA @ 151.62 before near-term sentiment can be called bearish.