The dollar versus theyen continued its narrow trading while constantly fluctuating around the previously breached minor support that had turned into resistance at 89.05. We are still waiting for the bearish wave previously mentioned, thus we expect a bearish intradaymovefor today, where its main targets are around 87.25 and requires trading to remain below 89.85to prevail.
The trading range for today is among the key support at 87.25 and the key resistance at 90.60.
The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60.
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|Recommendation||Based on the charts and explanations above our opinion is selling the pair from 89.05 target 88.00 and stop loss above 89.85, might be appropriate|