(95,67) The USD/YEN confirmed a strong closing above the tops of the previous few sessions finding however good resistance just above the 96 level. The indicators of the daily chart are however still negative suggesting further downside risk; those of the s/t ones are instead positive this morning supporting a positive scenery. The dollar is above the 200 hours line since yesterday, now found at 95,71, suggesting further upside potential. At the same time the hourly chart is showing a negative reversal situation suggesting a possible target at 93,93!! We favour lower levels for the DOLL/YEN but we need to return below the 200 hours line and break even below 95,00 to confirm lower levels!!
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