• The dollar against the Japanese yen is still trading below the weekly 200 arithmetic and started to fall from the top 112.14, breaking the uptrend since the beginning of this year, forming its lowest low at 109.71 near the weekly support S1 and Fibonacci 50 for the downside wave 114.20 104.59.

  • This and the pair corrected 50 percent of its last drop from the top 112.14 to the last bottom 109.71 to reach the 100 and 200 averages over the four hours at the resistance of 110.92 and by breaking this resistance it is likely to visit the levels of 111.20 111.45 but the trend remains down below the level of 111.86 112.14 and targets the levels of 109.25 109.40 .
  • On the other hand, breaching the top 112.14 opens the door for more lows and targeting 113.10 at the weekly falling trend line and monthly resistance R2.