(89,60) The USD/YEN confirmed a strong weekly and daily closing on Friday already extending the move up further suggesting a 90 overshooting. The indicators of the daily and weekly charts are still well positive but still showing overbought conditions and potential negative reversals. Those of the s/t ones are also positive but overbought. The extension of the move up confirmed a positive reversal suggesting a s/t target at 89,93. We stay short waiting for higher levels to increase the position. We expect a return toward 85!!
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Future Trend Research