Bulls remain fully in play above broken weekly 200SMA

The pair regained traction and moves higher on Wednesday, after previous day’s shallow consolidation was contained at 113.50 zone.
Firm bullish stance remains intact above broken key barriers at 113.30/18 (Fibo 61.8% of 118.66/104.63 / weekly 200SMA) for extension towards targets at 114.73 (05 Nov 2017 high) and
115.35 (Fibo 76.4%).
Meanwhile, bulls might be delayed for extended consolidation as daily slow stochastic is overbought and momentum is weakening.
Extended downticks are expected to hold above 113.30/18 pivot to keep bullish bias.
Negative signal for deeper correction could be expected on close below weekly 200SMA.

Res: 114.06; 114.36; 114.50; 114.73
Sup: 113.52; 113.30; 113.18; 112.56