The recent trading of the dollar against the yen pair is confined to a bullish triangular flag pattern that appears on the chart, and therefore, the price needs to breach 114.35 to obtain a positive stimulus that pushes the trades to resume the bullish trend, which its next target is …
News for today, October 19th:
On Tuesday, the dollar fell to near the bottom of its recent range against major peers, pushed by weak U.S. factory data overnight and on market wagers of faster normalization of monetary policy in other countries. Increased investor confidence also put pressure on the dollar: …
The dollar against the yen pair crossed our first awaited target at 114.00 and fluctuated around the ascending channel’s resistance, and started attempts to gather positive momentum on the intraday time frames, waiting for a positive stimulus that contributes to pushing the price to continue rising, noting that our next …
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