(97,44) The USD/YEN confirmed a further negative closing but the monthly one was strong, well above the top of the previous month but below the 100 months line at 98,26, that limited the move up despite the overshooting toward 100!! The indicators of the daily chart are still well negative but those of the monthly one are well positive, however well close to the overbought area while showing potential negative reversals. The indicators of the s/t charts are still showing a mixed picture suggesting further consolidation with however still a downside bias. In the s/ t only an hourly above 97,70 will postpone the decline toward our s/t at 96,69!!
Click here to read the full report: USDJPY 05.01
Future Trend