The USD/YEN is just continuing to consolidate after the strong move. The closing was however negative but for the moment still above 78 suggesting still further upside potential with the 200 days line at 79,84 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 still mixed suggesting further consolidation/ correction. Only an hourly closing below 77,75 will support lower levels with the 200 hours line at 76,77 the attraction!!
We keep staying on the sideline.
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FUTURE TREND RESEARCH