The pair extends Thursday’s strong bullish acceleration on Friday and is eventually firmly above daily Tenkan-sen, former pivotal barrier.
Near-term risk is shifted towards the upside, following repeated rejections at 111.50, where near-term base has formed.
Fresh rally approaches pivotal barrier at 113.91 (Fibo 61.8% of 115.36/111.57 downleg), break of which would expose daily Kijun-sen at 114.55).
Corrective pullback on overbought hourly studies should be contained at 112.70 zone (broken Tenkan-sen / 50% of 111.61/113.84 rally).
Res: 113.91, 114.55, 114.93, 115.36
Sup: 113.31, 113.00, 112.70, 112.46
