The pause/difficulty here is the sudden overbought condition (RSI, Stoch).

At the same time, there is an hourly 200-sample new high made with an acceleration. That is not bearish, at least not in the short term, because a higher high and a thrust are missing.

A bottoming process is underway, and this is going to go back down for sure, possibly making an F3 print with a lower low.

There is a 28-hour allowance for the HH beat (expected to be 6-16 pips higher than the current one statistically).

If the HH is only made beyond 28 hours, the final thrust would only be a lower high.

I believe there will be a thrust when the MA ribbon is lower. The daily 50 EMA is likely going to be hit. 1.05 or so would make sense.

The main curve ball is the behavior lately starting 1 hour after the US close. They have been moving the market regularly, starting with the 2C low.

The least likely outcome would be a stochastic embedding (hanging out in the overbought for 3 days+) and starting to churn higher.

This is a pullback after a new high, that feels like a start of something new but barely got beyond the statistical 35-41 pips that is the highest likelihood after a Money Flow acceleration.