POtential rejection to the .85 range down to the 61% Fib zone indicated on the chart. We will be looking for a confirmation on the pullback otherwise we will wait for the price to touch the 88% fib indicated on the chart. Another scenario is a breakout and confirmation of the 38% fib zone.
Short-term scalpers, you have a short opportunity to the target entry as well, assuming we get a confirmation for the down side.