Morning Report

The dollar versus the yen was capable of breaching the pivotal support at 90.15 and achieve some bearish movement; whereas the pair is presently retesting the breached level due to the positive signs on Stochastic. We can expect to touch this level and reverse to the downside for a possible bearish intraday move for today, initially targeting 89.15 which requires trading to remain below 90.15.

The trading range for today is among the key support at 88.00 and the key resistance at 92.35.

The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60.

Monthly Report

RecommendationBased on the charts and explanations above our opinion is selling the pair at 90.15 To target 89.15 and stop loss above 90.90, might be appropriate