(93,83) The USD/YEN failed to confirm the negative day reversal extending instead its move up toward the s/t target at 93,52 with even a direct overshooting that already favoured a 94 overshooting. The move up formed a positive outside day with now 93,75 – 91,85 the levels to follow!! The indicators of the daily chart returned again above the line and also those of the s/t ones turned all positive supporting further strength. No doubt the upside is not over yet and while above 93,20 on an hourly closing we will see a possible direct test of the 95 area. However the price action is also telling us that there is still a huge risk of a sell off!!
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Future Trend Research