USD/JPY Technical Analysis

(99,46) The USD/YEN formed yesterday a negative day reversal but only a daily closing below 99,12 will confirm a s/t top favouring a deeper correction. The indicators of the daily chart are however still well positive but those of the s/t ones are below the line at this moment suggesting a possible correction. Only an hourly closing below 99,10 will favour lower levels suggesting a retest of the 98,60 support area!! A break above 100 confirmed by an hourly closing will instead re-launch the move up suggesting a s/t target at 102,03!! While above 98,60 the trend is still up!!

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