• Possibility seen for gains to the Ichimoku cloud base at 1.2319
  
  
• Spot underpinned by large hammer posted on Apr 17
  
  
• Traders to get long ahead of the 1.2088 levels
  
  
• Medium-term bulls to be hurt by a daily close below 1.1989
  
  
• 1.1989 - 38.2% of the 1.0620 to 1.2835 up-leg - would defer