In the short term the yen moves without definite trend. This morning it was trading at a small uptrend. If you remember this pair has a bearish path determined by the Japanese government and BOJ, seeking a stronger devaluation. The momentum technical indicator is below the signal line of MACD showing a likely bullish movement for the yen in the coming days. The closest target is at 92.32 (fractal), if this level is broken, the appreciation of the yen may be until the level of 89.75. Therefore, we recommend selling at the current price level.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
