FXstreet.com (Córdoba) - The Yen is consolidating gains against the Dollar as it trades at the 90.10 zone, 0.37% below today's opening price. USD/JPY tested levels below 90.00 during the European session but it was rejected and since then has been moving sideways between 89.95 and 90.30. To the downside support lies at 89.75 (intra-day low) and below at 89.50/55.
The dollar versus the yen touched the correction level mentioned this morning at 90.55 and reversed to the downside (…) for the bearish intraday direction for today, the ecPulse.com analysis team said. We confirmation for the expectations with the breach of the pivotal support at 89.60, paving the way towards the upcoming target at 88.85 then 88.00,. According to the ecPulse Team trading should prevail below 90.90 for the expectations to prevail.