The USD/YEN is still consolidating interior the range 78,50 – 77,80 and for the moment we don’t see big changes.
The indicators of the daily chart are still positive and still showing potential negative reversals. Those of the s/t ones are mixed supporting further consolidation.
Only an hourly closing above 78,30 will favour a little higher levels. An hourly closing below 77,75 will instead support lower levels with the 200 hours line at 77,59 the attraction!!
We keep staying on the sideline.
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FUTURE TREND RESEARCH