The pair holds in red on Friday following Thursday’s long-tailed Doji candle, left after strong downside rejection at 113.12/10 (Fibo 38.2% of 111.37/114.20/20SMA) which guards daily cloud top (112.82).
Doji signaled indecision after strong downside rejection, but fresh weakness keeps near-term bias with bears.
Weakening momentum studies on daily chart support the notion, with violation and close below 113.12/112.82 pivots, to generate stronger negative signal and confirm reversal from 114.20.
On the other side, hopes of fresh upside would remain alive while daily cloud top holds dips.
Res: 113.57, 113.67, 114.00, 114.20
Sup: 113.12, 112.82, 112.66, 112.45
