The US Dollar broke support at ¥80 Japanese Yen and is now at the 61.8% Fibonacci level. Failure of short-term support at ¥79 would indicate another test of primary support at ¥76. The long-term bearish divergence on 63-day Twiggs Momentum continues, however, and a trough above zero would indicate a fresh primary advance. Breakout above ¥84 would confirm.
* Target calculation: 84 + ( 84 – 80 ) = 88