(99,77) The USD/YEN is still at the same level like yesterday and the day before at the present time. The closing was however strong, even above the 100 level where it found good resistance. The indicators of the daily chart are still well positive but those of the s/t ones are already returning below the line supporting some consolidation/ correction. While below 100,00 we expect this dollar to move a little lower with the 200 hours line at 98,73 the possible attraction. We suggest waiting for lower levels to buy!
We stay on the sideline.
Read the full report: USDJPY 09.06
Future Trend