It is a fundamental level for the short term. But the area was not reached below 1.63. That is why the level of support in the area of present 1.6249 support level today and if it breaks that area could test the 1.6175 level. However, short-term resistance level is at the 1.6314 area, and only if it breaks that area could test the 1.6418 and 1.6495. Support: a 1.6249: Support the short term. a 1.6175: 50% Fibonacci level.
a Dolar Yen The dollar-yen pair broke the resistance level specified in the report yesterday in 90.90 and approaches the level of 91.30. But the pair did not proceed with force and the figure is not clear. The big question is whether to continue an upward or downward trend, but we must remember that we are approaching the 91 zone as we said yesterday. The key points in the support area are now in 90.76, and if the pair falls below that area could test the 89.79.
The resistance level is at 91.30 and if the pair breaks this area will continue an upward correction and could test the 91.64 first and then 92.44. Support: a 90.76: 61.8% Fibonacci level. a 89.79: 61.8% Fibonacci level medium term. 89.22 a Level of support / resistance before. Resistance: a 91.30: prior level of resistance / support. a 91.64: 38.2% Fibonacci level. a 92.44: 61.8% Fibonacci level.