Morning Report

The dollar versus Japaneseyen continued its sideway trading below the previouslybrokenpivotal support, which is presently at 89.15. We still that the pair has more possible bearish movement for today, where it's main targets start at 87.15 but needs to gain enough bearish momentum to support the expected bearish direction; thus, keeping the sideway fluctuation persistent for a while. The expected bearish direction will prevail if 89.75 is not breached.

The trading range for today is among the key support at 87.15 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.

RecommendationBased on the charts and explanations above our opinion is selling the pair from 89.15 target 88.00 and stop loss above 89.75, might be appropriate.