The dollar against the yen is testing the resistance line that appears in the above chart and maintains its stability below it, which keeps our bearish expectations valid for the upcoming period, waiting for the direction towards 105.20 as a first major stop.
We note that breaking 105.75 will make …
The overall trend is upward. The descending (red) wave pattern is truncated and has ended with the breakout of an inclined channel. A breakout of the resistance level of 0.7185 will result in the formation of an ascending wave pattern within the overall uptrend. Awesome Oscillator indicates a bullish …
The pair is trading in a short-term downtrend amid the rising oil prices and the overall growth in demand for risk assets in the markets. If this sentiment persists, the pair will fall further.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA …
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