In accordance with expectations, the Dollar continued to lose value against the Yen. However, the downfall appeared to be stronger than expected, as the currency rate managed to break through the lower trend-line of a six-week long symmetrical triangle. Accordingly, the closest support barrier that might turnaround the pair is located near the 112.05 mark, which has successfully managed to stop the rate from falling during the previous three attempts. In case this barrier is broken, the pair will have an empty area up until the 200-day SMA at 111.72 and the 23.6% Fibonacci retracement level at 111.65. Generally, there is a need to take into account that majority of pending orders in 100-pip range are set to buy plus the aggregate market sentiment remains almost 53% bullish.
