The pair remains bid and extends rally after BoJ left policy unchanged and signaled no plans for raising rates soon.
BoJ said strong economy is not enough as inflation remains well below target.
Fresh advance on Thursday broke above daily cloud (cloud top lies at 113.40) and is on track to fully retrace 113.74/112.02 corrective phase, with lift above pivotal barriers at 113.74/81 (12 Dec high / Fibo 76.4% of 114.73/110.83 descend) to open way towards key short-term barrier at 114.73 (06 Nov peak / top of multi-month range).
Close above daily cloud is needed to confirm bullish signal, however, hesitation at 113.74/81 barriers cannot be ruled out as slow stochastic in entering overbought zone on daily chart.
Rising 10SMA offers solid support at 113.04.
Res: 113.63, 113.74, 114.15, 114.40
Sup: 113.34, 113.20, 113.04, 112.87
