A renewed risk-on wave appears to grip the markets amid a minor pull back seen in the Asian equities, halting JPY upside.
The pair has broken above resistance and major psychological levels at 78 and finds major support on 4H charts at 77.90.
4H 10-SMA at 78.16 is immediate support on the downside, while next hurdle on the upside is seen at 78.56 (June 14th high).
Techs on 4H charts support upside, Stochs have rolled over from oversold region and is biased higher.
We see a line crossover on the signal line. Upside till 79.17 (20-DMA) likely.
Good to buy dips around 78.40, SL: 77.90, TP: 78.80/ 79/ 79.15