The USD/YEN confirmed also yesterday further 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 positive but those of the s/t ones remain mixed suggesting further consolidation/ correction.
The dollar is this morning below the line , now s/t resistance at 77,80 and while below the line it could extend the decline toward 77,30.
We remain on the sideline while following the inside day.
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FUTURE TREND RESEARCH