Your analysis touches on a couple of significant aspects:
1. Key Fibonacci Levels
Levels like 1.2 and 1.13 are indeed critical as they're often key psychological and technical areas where market participants expect either support or resistance.
Fibonacci retracement is widely used in trading to identify potential price reversals, especially during corrections or rallies.
2. Impact of Major Investments
A significant rally typically requires more than just technical factors. It needs the backing of fundamental catalysts, such as large-scale investments by institutions or "whales." These players have the capital to drive the market in a particular direction and can heavily influence trends.
If the market consolidates without breaking these levels, it might signal a lack of momentum, waiting for fresh triggers. On the other hand, if levels are breached with volume, it could either signal strong bearish action (below 1.13) or bullish resurgence (above 1.2).