(77,18) The USD/YEN is still well bid supporting higher levels and this should favour an extension of the move up toward the 77,50 level. The indicators of the daily chart are still well positive supporting further strength. Those of the s/t ones are of course also positive supporting the move up but in the same time they are already showing also s/t overbought conditions and potential negative reversals. This could limit the upside suggesting even a correction. Bearish divergences confirm however still a well positive tone!! Stay long; probably the DOLL/YEN started its move up!!!
Follow possible later updates
Click here to read the full report: USDJPY 02.09.12
FUTURE TREND RESEARCH