(99,80) The USD/YEN confirmed as well further consolidation interior the inside day with 100,85 – 98,75 still the levels to follow in the coming hours. Only a daily closing below the support at 98,75 will favour further and probably more important weakness. The indicators of the daily chart are still well negative and this morning also those of the s/t ones are still below the line suggesting further downside risk. We expect a fir test of the support line at 98,75 which is also the support of the inside day. Only a move above 100,50 confirmed by an hourly closing will postpone further weakness!!
Read the full report: USDJPY 06.06
Future Trend
