In line with expectations, the currency rate continued to climb to the top, trying to reach the upper line of an ascending triangle pattern, another escalation of the North Korean crisis led to fall of the rate by 68 basis points just in two hours. Accordingly, in the beginning of this trading session the currency rate found itself not only below the updated weekly PP at 112.81 but also the 55-, 100- and 200-hour SMAs. This combined resistance suggests that the pair will be forced to continue to fall. The fact that the closest southern barrier is located only at the 112.20 mark supports the above assumption. On the other hand, as soon as markets will come down, the Dollar is going to start to gradually recover against the Yen.
