(77,04) The USD/YEN failed to confirm the small negative day reversal extending instead the move up above 77 with already a test of the 100 days line at 77,16. The indicators of the daily chart are now positive supporting further strength. Those of the s/t ones are also positive but showing overbought conditions and this could now start limiting the upside suggesting even a correction. Bearish divergences confirm however a positive tone!! If not already long we suggest waiting for a correction to buy, possibly close to the 76,70 area!!
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FUTURE TREND RESEARCH