The candle of BOJ's intervention has been fully covered via achieving a confirmed daily closing below it as seen on the provided daily graph, but we can see stable consolidation above the key support level of 76.25. Momentum and trend are presently showing technical contradiction due to nearing the above mentioned pivotal support areas. We need to be cautious as the trend over various time frames is still unclear; thus, we will hold onto our neutrality. A break of 77.95 zones may fix the sign appearing on AROON, while RSI is preparing for an upside move.
The trading range for today is among key support at 74.25 and key resistance now at 79.55.
The general trend over short term basis is to the upside, targeting 87.45 as far as areas of 76.40 remain intact.
|Recommendation||Based on the charts and explanations above our opinion is, staying aside until a clearer sign appears to pinpoint the upcoming big move.|