Bulls regained traction on Monday and gear up for renewed attempts higher and eventual break above the range that extends into fourth straight day.
Triple long-legged Doji (Wed/Thu/Fri) signaled strong indecision and directionless mode, as bulls were repeatedly capped by falling 20SMA (currently at 1.1355) and additional pressure provided by descending and converging 30SMA (1.1363).
Mixed daily techs still lack clearer direction signal, which could be generated on sustained break above 20/30SMA.
This would open way for test of pivotal barrier at 1.1374 (50% of 1.1514/1.1234 / daily Kijun-sen) and signal bullish continuation on break.
Rising 10SMA (1.1316) continues to underpin and needs to hold dips to maintain bullish near-term bias.
Res: 1.1363, 1.1374, 1.1382, 1.1392
Sup: 1.1341, 1.1327, 1.1316, 1.1275
