FXstreet.com (Barcelona) - The Dollar lost some ground yesterday against the Yen, and according to Steven Wesiak, technical analyst at ABN AMRO, it could head lower: Prices slipped under support and could head down to the 114.0 handle before any large rebound occurs. If that were also to fail, though, then the market will likely set its sight on the 116.62/34 support area. On the upper side, Wesiak foresees: On the upside, the first sign that the former bullish bias has been revived comes with a rally past a small peak at 115.65. Clearing it will put prices back on track to 120.78.
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