(92,40) The USD/YEN confirmed another session of consolidation remaining interior the big negative key day reversal with 94,90 – 90,80 still the levels to follow in the coming hours. Only a daily closing below 90,80 will suggest an extension of the correction toward the 88 area!! The indicators of the daily chart are still well negative while those of the s/t ones are still showing a mixed picture suggesting consolidation/ correction. Possible therefore an extension of the corrective move up toward the 200 hours line where we expect decent resistance and from where we should see a resumption of the decline for a test of the 90 level!!
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