(90,58) The USD/YEN confirmed a strong closing last night above the previous top suggesting further direct strength toward 90,90 with even a possible overshooting. The indicators of the daily chart are still well below the line for now forming however further bearish divergences. The indicators of the s/t charts are also positive but already overbought. On top of that we remember you that the weekly indicators are also well overbought showing potential negative reversals!! We expect further strength toward our s/t target but also still believe this move up should be limited. We sell small a possible 91,00 overshooting increasing the position for a return toward 87,50!!
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Future Trend Research