The USD/YEN confirmed a positive closing above the 77,15 level after a test of the 77,55/60 resistance area. We can expect further strength, especially while above the 200 hours line at 76,99 that has already been tested!!
The indicators of the daily chart are now again positive or let’s say above the line while those of the s/t ones are mixed supporting further consolidation. Higher highs and higher lows are suggesting further upside potential for this dollar.
Only a return below the 200 hours line will postpone further strength!!
We keep staying on the sideline while waiting for stronger signals!!
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