(102,21) The USD/YEN formed finally a negative day reversal but only a daily closing tonight below 101,85 will confirm a s/t top favouring a correction that in our view should at least favour the closing of the gap up area 100,88 – 99,42. A daily closing below 101,15 will support a 100 undershooting!! The indicators of the daily chart are still well positive but those of the s/t ones turned below the line supporting a correction. Only an hourly closing below 101,85 will however support lower levels with the 200 hours line at 100,59 the possible attraction. We stay on the sideline but still expect the upside to be over for now or anyhow limited.
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