Despite yesterday's brief rise to 98.58, lack of follow through buying and the subsequent selloff on active cross-buying in Japanese yen signals recent rise from 93.85 has formed a top at 98.90 earlier and consolidation with mild downside bias is seen for correction to 96.60/65, however, reckon 96.10/15 would hold from here due to near term o/sold condition and yield rebound later.  
  
On the upside, recovery should be limited to 97.55/60 and bring decline later. Only above 98.05/10 would prolong choppy trading and bring another bounce to 98.58...