(99,37) The USD/YEN failed to confirm the previous day’s negative day reversal forming a positive one. Nevertheless only a daily closing above 99,90 will support further strength!! The indicators of the daily chart are still above the line for now as well as those of the s/t ones suggesting further upside potential. The rally above 99 failed to confirm a new high or divergences in the hourly RSI. Therefore we see still a chance for a resumption of the decline for a retest of the 200 hours line at 98,55 that yesterday limited the downside!! Only an hourly closing below the 200 hours line will suggest further direct weakness!! We stay on the sideline!
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Future Trend Research