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- Major resistance -118.92 (Jan 8th 2016)
- The pair has broken major resistance 118.92 in morning after BOJ eases monetary policy further
. - BOJ has made a shocking decision to adopt negative interest rates to boost the economy.
- "The BOJ will cut the interest rate further into negative territory if judged as necessary," the bank said in a statement.
- The pair ahs jumped till 119.24 and slightly declined from that level. It is currently trading around 118.70.
- Short term trend is bullish as long as support 117 holds.
It is good to buy at dips around 118.50 with SL around 117 for the TP of
