The US Dollar consolidating in a narrowing range against the Japanese Yen after prices set a swing low just below the 101.00 figure. A daily close above resistance at 102.84, the 23.6% Fibonacci expansion, targets the 38.2% level at 104.14. Rising trend line support is at 101.72, followed by the
Positioning may be in the process of producing an Ascending Triangle chart pattern, a setup indicative of bullish trend continuation, but confirmation is required on a close above 102.84 to make the formation actionable. We will continue to stand aside for now.