Some sellers may exercise shorts

To say sellers, it is however common in any single trade sellers and buyers are around due to trading different interest.
The exercise shorts refers on purposeful to short it. As previously mentioned, the main trend remains in an uptrend you would need to adjust stops to protect profits on the way up or take profit closer to the price line
I would suggest to get stop out automatically with your allocated stops price ...and allowed the minor trend retracement and will take on next rally to 1.20

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price touches the price line today.