So we are in the midst of an international crisis. Middle eastern tensions are always bound to shake up the market so even with all the information; economic data and technical analysis. We should always expect surprises.
With that being said let's jump right into analysis of the dollar v yen pair.We have been range bound for the past two months in a wide range between 148.00and 141.00.I don't expect price jumping out of that range unless there is a very strong catalyst. This week's price range has seen lows of 143.90 and highs of 145.40 and this is the data we will use today to set our targets.A break lower for the dollar will subsequently mean lower targets for the dollar yen while a reverse in the dollar will take us to monthly high targets @ 146.00 and 147.00.
With that being said let's jump right into analysis of the dollar v yen pair.We have been range bound for the past two months in a wide range between 148.00and 141.00.I don't expect price jumping out of that range unless there is a very strong catalyst. This week's price range has seen lows of 143.90 and highs of 145.40 and this is the data we will use today to set our targets.A break lower for the dollar will subsequently mean lower targets for the dollar yen while a reverse in the dollar will take us to monthly high targets @ 146.00 and 147.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.