Daily chart: the pair is trading down. There is almost no doubt that the correction will reach the 104.30 zone (middle Bollinger band). In this zone, there is a key demand area, relative to which the pair’s medium-term uptrend may continue.

Н4: the lower local Bollinger envelope is broken, while the ADX indicator remains in the trend zone. A decrease by another 50-60 points to the 104.30 zone seems to be a realistic scenario for today.

Н1: substantial intraday oversold of the pair will be probably ignored, as evidenced by the trend for the benefit of bears from the ADX.

Conclusions: decline to 104.30, then upward reversal.
Trading solutions:
1. Sales by 104.30.
2. Purchases from 104.30.