The pair is attempting again through 114.73 (03 / 08 Mar highs) after yesterday’s rally was rejected here.
Fresh bullish acceleration emerges above daily cloud which twisted today and seen supportive for further upside.
Bulls eye immediate target at 115.08 (50% of 118.59/111.57 descend), break of which would open 115.36 and 115.60 (high of 27 / 19 Jan respectively) and unlock strong barrier at 115.91 (Fibo 61.8% of 118.59/111.57).
Multiple bull-crosses (10/30 and 10/20 SMA’s, as well as daily Tenkan-sen / Kijun-sen bull-cross) underpin, with close above widening daily cloud needed to confirm scenario.
Session low at 114.27 marks initial support, ahead of former pivotal barriers at 114.10 zone, with key near-term support at 113.56 (higher base).
Res: 115.09, 115.36, 115.60, 115.91
Sup: 114.27, 114.10, 113.56, 113.28
