(98,25) The USD/YEN confirmed a negative closing but it failed to directly confirm the small negative day reversal. The indicators of the daily chart are still positive but also still just above the line. The indicators of the s/t charts are instead below the line suggesting further consolidation/ correction. Potential positive reversals are however suggesting a possible resumption of the move up, especially while the dollar is above the 200 hours line, now found at 97,98. We stay on the sideline waiting for a little lower levels to buy for a possible 99 overshooting.
Read the full report: USDJPY 08.27
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