(93,26) The USD/YEN confirmed a negative closing last night however while still confirming further consolidation interior the big inside day with 94,55 – 92,25 still the levels to follow in the coming hours/ session. Only a break of the support confirmed by a daily closing will favour a drop toward the 90!! The indicators of the daily chart are still in negative territory and also those of the s/t ones are still below the line supporting further consolidation/ correction. Since a few hours the dollar is already below the 200 hours line, now s/t resistance at 93,38; while below the line we expect further weakness suggesting a move toward the potential neck line of a S_H_S formation at 92,27!! We still expect a deeper correction!!
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Future Trend Research