(92,98) The USD/YEN formed a small negative day reversal while however still confirming further consolidation interior the negative outside day with 94,90 – 90,80 still the levels to follow. The correction or drop should favour a test of the 200 hours line at 92,90 with even a possible undershooting! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are negative supporting further downside risk. The decline could be not just corrective but sent del dollar even below 92 toward the s/t support line. An hourly closing below the 200 hours line will signal further weakness. We stay on the sideline waiting for further confirmations.
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Future Trend Research