On the 4 hour chart, we can see that the price bounced right around the key 155.00 support where we had also the trendline for confluence. This is where the buyers bought the dip and positioned for a break above the 160.00 handle. The sellers, on the other hand, will want to see the price breaking below the trendline to pile in more aggressively and target a drop into the 152.00 support zone.