(96,16) The USD/YEN is still confirming further consolidation interior the negative outside day with 96,80 – 95,50 still the levels to follow. Only a daily closing below 95,50 will support a return toward 94,50 if not even directly lower. A break above 96,80 will instead support an extension of the move up toward the targets above 98! The indicators of the daily chart are still in positive territory while those of the s/t ones are also still showing a mixed picture suggesting further consolidation/ correction. While below 96,60 on an hourly closing we may see further consolidation with a possible retest on the downside with the 200 hours line at 95,21 the possible attraction. We stay on the sideline following the inside day!
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Future Trend Research