The USD/YEN is just consolidating after the strong move up of Monday. The closing was positive. While above 78,00 on a daily closing we expect further upside potential with the 200 days line at 79,86 the attraction. Again only a move above this line will support a higher DOLL/YEN!!
The indicators of the daily chart are still positive but showing potential negative reversals. Those of the s/t ones are mixed supporting further consolidation/* correction. Only an hourly closing below 77,75 will support lower levels with the 200 hours line at 76,65 the attraction!!
We keep staying on the sideline.
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