FXstrteet.com (Barcelona) - The Dollar Yen downward trend extended further today reaching 105.95, the ActionForex.com technical team affirms that the pair's bias remains on the downside: At this point, intraday bias remains on the downside as long as 106.86 minor resistance holds. As discussed before, prior break of 107.21 confirms that medium term down trend from 124.13 has resumed. Next short term target will be 100% projection of 114.77 to 107.89 from 110.10 at 103.22. On the upside, the ActionForex team forecasts: Above 106.86 will turn intraday outlook consolidative first. But recovery should be limited below 108.35 resistance and bring another fall.
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