(96,03) The USD/YEN confirmed another strong closing on Friday in the daily chart as well as in the weekly one suggesting further upside potential toward the 98 area if not even a 100 overshooting. The indicators of the daily chart are now again well positive as well as those of the weekly one that show however still well overbought conditions, close to the 80% level: we never had in the past an RSI at this levels!! The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 95,50 will however confirm lower levels with the 200 hours line at 93,67 the possible attraction. The DOLL/YEN is too high and we still expect a firm sensible correction.
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Future Trend Research