$AAXJ - Watching this 115.50-116.00 zone closely

Hey everyone, been looking at $AAXJ again today after its move. The daily chart is showing some interesting action around the 115.50-116.00 area. It's been a pretty significant support/resistance level in the past, and we're seeing some consolidation right on top of it. Today's action, hovering around 116.32, suggests it's trying to hold above that prior resistance.

My take is that if it can convincingly hold above 116.00 for the next couple of sessions, there's a good chance we see a push towards the 118-119 range. The risk, of course, is a move back below 115.50. If we close convincingly below that, it would invalidate the current mini-breakout and likely see a retest of the low 114s. Just my thoughts, let me know what you're seeing.