FXstreet.com (Barcelona) - The Dollar Yen remains pressured to
the downside, as rebound from yesterday's low at 90.50 was rejected
at 91.10 -previous support- on Asian session opening, and the pair
dropped back to hit a fresh 3-weeks low at 90.45 during the
European trade.
Hourly studies are negative, and below 90.50, the pair will target
89.81 area, says Slobodan Drvenica, technical analyst at Windsor
Brokers Ltd: "Broke lower from a 9 day triangle yesterday, dropping
to 90.50, before finding a short-term foothold. Hourly studies are
negative, with 91.07 expected to cap, for fresh push lower through
90.50, to target 89.81, 26 May low."
On the upside, above 91.09, Drvenica observes the Yen targeting
91.49 area: "Upside, regain of 91.09 opens 91.49 instead."