(101,06) The USD/YEN confirmed a negative closing on Friday in the daily chart as well as in the weekly one where it formed a negative outside week reversal and a bearish engulfing pattern. If confirmed this could produce a larger correction!! Europe has still an open gap, but now only 100,70 – 99,42!! The indicators of the daily chart are now well negative while those of the weekly one are still above the line but showing a clear triple top formation. The indicators of the s/t charts are mixed but bullish divergences in the hourly chart confirm a negative tone. We expect much lower levels but in the s/t there is a possible retest of the 200 hours line, now found at 102,31!!
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