Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 116.231 with take profit at 116.733
Alternative scenario:
Sell position is envisaged if price trades below 115.881 with take profit at 115.038
Fundamentals:
No major economic data expected today
Comment: The common currency is envisaged to continue its recent recovery against the Yen in the session today owing to the sharpening of risk sentiments among investors as global economies continue on its way to recovery.
Analysis: SCRUM Team