Morning Report

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. The bearish short term direction requires trades to remain below 93.40.

The trading range for today is among the key support at 90.85 and the key resistance at 93.40.

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

Weekly Report Previous day report

RecommendationBased on the charts and explanations above our opinion is selling the pair from 92.25 target 91.25 and stop loss above 93.00, might be appropriate.