The dollar versus the yen was unable to hold long below 107.68, to open today positively and try to compensate for some of its recent losses, but it faces good resistance formed by the moving average 50 around 108.75, which supports the chances of bouncing back to resume the negative scenario And whose targets start by breaking the level of 107.68 to open the way towards heading towards 106.44.
Consequently, the downtrend will remain likely for the coming period unless the price rushes to breach the 109.20 level and hold above it.
The expected trading range for today is between 107.40 support and 109.20 resistance
