FXstreet.com (Barcelona) - The Dollar has climbed positions against the Yen during the Asian and European sessions, Timothy Straiton, technical analyst at Stoploss.ch affirms: Trading above the daily pivot point level of 106.33 and also above the hourly Ichimoku cloud top at 106.31. Hourly Bollinger and standard error bands are poised to the upside while daily values of the same indicators are flat with Bollinger bandwidth still contracting. On the longer term, though, the picture, according to Straiton, remains bearish: The longer term picture remains bearish with the 200 and 55 day moving averages both poised to the downside. Sporadic moves to the upside have proven to be very meek and short lived so far.
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