The USD/YEN is still interior the inside day with 78,30 – 77,15 still the levels to follow for a possible break out. Again only a daily closing above 78,30 will support higher levels.
The indicators of the daily chart are still positive as well as those of the weekly one. Those of the s/t ones are still mixed suggesting further consolidation.
Only a break above 77,80 confirmed by an hourly closing will postpone further weakness favouring a test higher!
We remain on the sideline while following the inside day.
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FUTURE TREND RESEARCH