The USD/YEN confirmed on Friday a further session of consolidation interior the inside day with 78,30 – 77,15 still the levels to follow in the coming hours. Only a daily closing above 78,30 will support higher levels.
The indicators of the daily chart are still well positive as well as those of the weekly one where we had a strong closing, above the top of the previous week. The indicators of the s/t charts are however still mixed supporting further consolidation. An hourly closing above 78,15 will however support a little higher levels.
We remain long for now while waiting for stronger signals and a possible break out of the range of the last few weeks!!!
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