The pair has been in a neutral mode for the past 5 trading days . The tenkan-sen and kijun-sen lines are also flat indicating a pause in the recent uptrend. A break of the December 8 high of 121.84 will confirm the long term uptrend since August.
A break below 115.55 would turn bias to the downside. This is the 38.2% Fibonacci retracement level of the upleg from 105.19 (October 15) to 121.84 (December 8) .
As long as the market remains above the Ichimoku cloud, the bullish outlook will be sustained.