This tested the short term downtrend yesterday before dropping to test the 123p support half way down the hammer (this is quite common). It's now trying again to break out of this resistance. I'm looking for a close above 135p (yesterday's high) to signal a possible attempt at the next price resistance at 154p.

What we'll then be looking for is a higher low (above the 116p one from a few days ago) and then a 123-low breakout. Plenty of time before we get that far though. Trendline break and 135p to get through first. Looks OK so far though.