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- Major intraday support- 115.75
- The pair has shown a minor recovery of almost 90 pips after forming a bottom at 115.75. the pair jumped till 116.66 and is currently around 116.64.
- The pair was trading well above hourly tenken –sen (116.47) and Kijun-Sen (116.22). Intraday weakness can be seen only below 115.75 level. Any break below will drag the pair to next level till 115.55/115.
- Any hourly close above trend line resistance will take the pair to next level till 117/117.88 level.
It is good to buy on dips around 116.50 with SL around 116.20 for the TP of 117/117.88.
