- Pair is currently supported below 119.00 marks and trading at 118.60 levels.
- Rebound from 115.96 resumed and edges higher even though upside momentum is weak.
- Further upside moment is possible only above 120.33 levels.
- Price actions from 125.85 are viewed as a sideway consolidation pattern as long as 115.96 support holds.
- Tomorrow brings not only Japan’s month-end data dump but also the Bank of Japan (BoJ) monetary policy decision, both of which are expected to bring few surprises.
- On the top side resistance levels are seen at 119.15, 119.62 and 120.17 levels.
- Major support levels are seen at 118.13, 117.58 and 117.11 levels.
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