FXstreet.com (Barcelona) - The Dollar yen has been combining up and down days, and, according to Cornelius Luca, Friday was a down one: The pair was stuck in an inside range. My model remains short. Expect consolidation today. Key level is at 103.40 from a 50-point pivot, which targets 102.90 and 103.90. Support and resistance levels, according to Luca, stand as follows: A bid support is seen at 102.30 from another 50-point pivot, which targets 101.80 and 102.80. Immediate resistance is now at 103.90. Strong resistance follows at 104.50 from a 50-point pivot, which targets 104.00 and 105.00.
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