Yesterday's rise from 107.47 suggests the correction from last week's high at 108.62 has ended earlier this week at 107.21 and consolidation with upside bias is seen, however, above said resistance is needed to confirm recent upmove has finally resumed and extend gain towards 109.00.  
On the downside, below 107.47 would indicate further choppy trading is in store and yield another fall towards support at 107.21.