dollar/yen penetrates the first goal – analysis-12-02-2019

The pair of dollars against the yen succeeded in achieving our first target expected at 110.24 and penetrated it to settle with a daily closure above it, opening the way to the extension of the rising wave to target the level of 111.56 in the near term.

Thus, the upward trend scenario will remain effective over the next period with the support of the moving average of 50, with the indication that breaking the 110.24 will stop the expected rise and pressure the price to fall again.

The range of trading expected for the day between 110.00 support and 111.56 resistance

Expected general inclination of the day: upward