(94,03) The USD/YEN confirmed a new high but only a daily closing tonight above 94,45 will confirm higher levels. The indicators of the daily chart are however still below the line is this should be a concern for the bulls. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction.. while above 93,90 on an hourly closing the dollar will however remain positive suggesting a possible rally toward the 95 area, still a statistical target!! The rally stopped at the former support line and we could already have seen the top suggesting a return toward the 200 hours line, now found at 92,91!! Only a move above 92,95 will postpone further weakness. We stay on the sideline expecting lower levels!!
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