Market turns slightly more risk averse in Asia which could boost demand for the Yen, while Brexit outcome has damaged the single currency's outlook.
Markets await declarations from the Conservative leadership ahead of the Thursday deadline, investors wary, another boost for the Yen.
Hourly charts show downside for the pair, break below 114 could see downside upto 113.52 levels.
Technical indicators on hourlies are biased lower, Stochs and point south and the pair has slipped below H 5-SMA.
Next support below 114 is seen at 113.70 (rising ) ahead of 113.52 (lower ) and then 112.94 (June 29th low).
Good to sell rallies around 114.15/20, SL: 114.60, TP: 113.70/ 113.50/113