FXstreet.com (Barcelona) - The Dollar has pulled back from intra-day high at 93.30 to test intra-day low at 92.95, and the pair has bounced back reaching levels around 93.10 at the time of writing.
According to the ecPulse.com analysis team, the Dollar's upward trend remains intact, and the pair could head towards 95.00: The dollar versus the yen reached the neckline at 93.25 again, reversing to the downside, where we think is an attempted to build a base on 92.60 support level. We still hold onto our morning expectations for an upside intraday move in which the pair will breach the mentioned neckline, heading towards 95.00; trading should prevail above 92.60 for the expected upside move to remain intact.
Initial support level, according to the ecPulse.com analysis team, lies at 92.60, and below here, 91.90 and 91.40. On the upside, resistance levels lie at 93.25, 93.80 and 94.25.