(94,25) The USD/YEN confirmed a weak closing last night below the low of Friday but it failed yet to break below the s/t key level at 93,45; a daily closing also below this level will open the way for a deeper correction suggesting even a 90 undershooting, especially considering that the 200 days line is found still only at 83,66!! The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting further consolidation/ correction. While below 94,45 the dollar should remain under pressure; in fact bullish divergences in the hourly chart support a negative tone. The drop already confirmed our s/t target at 93,93 but we are now looking for a break below 93,45!!
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