(94,72) The USD/YEN is confirming some consolidation that formed a new inside day with 95,10 – 93,40 the levels to follow in the coming hours. A daily closing of the support will favour further and more important weakness. The indicators of the daily chart are still well negative but those of the s/t ones are positive this morning suggesting further upside potential with the 200 hours line at 94,97 the s/t attraction. The move up is corrective and a selling opportunity; in fact the hourly chart is already showing potential negative reversals suggesting a limited upside potential. We suggest waiting for higher levels to sell!
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Future Trend Research