The USD/YEN is just continuing to consolidate after the strong move up. The closing was positive and however above the 78 level.
The indicators of the daily chart are still positive but showing potential negative reversals. Those of the s/t ones are this morning above the line supporting a possible move up. Only an hourly closing above 78,20 will however favour a little higher levels. An hourly closing below 77,75 will instead support lower levels with the 200 hours line at 77,07 the attraction!!
We keep staying on the sideline.
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