(101,66) The USD/YEN confirmed another strong closing on Friday well above the top of the previous session, keeping Europe’s gap up, 99,42 – 100,88. Possible further strength toward 102,50 before however confirming a firm correction for a retest of the 100 level!! The indicators of the daily chart are still well positive as well as those of the weekly one, still overbought, showing bearish divergences and potential negative reversals!!!! The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 101,30 will however confirm lower levels! We stay on the sideline!
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