FXstreet.com (Barcelona) - Dollar's attempt to pick up from Asian session low at 91.80 has been limited at 92.43, and the pair has reversed on early European session, to break below 91.80 and hit a fresh low at 91.70 so far.
On the downside, if the pair confirms below 91.80, next support levels come at 91.50 (jan 6 low) and 91.25 (Jan 5 low). On the upside, initial resistance lies at 92.40 session high, and above here, 92.65/75 (Jan 11/Jan 6 high) and 93.05/10.
Main targets for the day, according to the ecPulse.com analysis team, are 91.25 and then 89.75: The dollar versus yen was able to breach minor support, shown yesterday, at 92.10 and is presently retesting this breach as it appears on the line chart above. Thereby, we still see that the expected bearish direction for today's main targets are at 91.25, where if the pair does not succeed at breaching it, where fast descends will be witnessed at 89.75.