(98,34) The USD/YEN formed a positive day reversal but only a daily closing tonight above 98,15 will confirm a s/t bottom. Despite the positive closing we expect this move up to be corrective favouring therefore further weakness!! The indicators of the daily chart are in fact still below the line for now while those of the s/t ones are mixed supporting further consolidation/ correction. Still possible an extension toward the 200 hours line, now found at 98,57. This move up is a selling opportunity but we suggest waiting for a possible overshooting close to the 99 level before selling!!
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Future Trend Research