(88,90) The USD/YEN formed yesterday a negative outside day reversal with 90,35 – 89,20 the levels to follow in the coming hours. A daily closing below 89,20 will support further weakness suggesting a return toward 88 even 87,50!! The indicators of the daily chart are now well negative and also those of the s/t ones are below the line supporting further weakness. The drop brought the dollar already below the 200 hours line at 89,17, now resistance. While below this line we expect a test of the support line at 88,68 with a possible extension toward the 88,00/ 87,80 support area! We stay on the sideline waiting for a deeper correction.
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Future Trend Research