(95,48) The USD/YEN confirmed still a negative closing despite the nice recover that favoured a closing just some pips below Friday’s one. The indicators of the daily chart are however still negative while those of the s/t ones are mixed this morning suggesting further consolidation/ correction. The rebound is favouring a test of the 200 hours line at 95,70 that is momentarily limiting the upside. In the same time we have potential negative reversal showing up in the hourly chart. While below the 200 hours line on an hourly closing we expect a resumption of the decline suggesting a potential target at 93,86!! A move above 96,00 will abort this scenery!!
Click here to read the full report: USDJPY 03.19
Future Trend Research