(98,75) The USD/YEN confirmed on Friday a session of consolidation remaining interior the previous day’s range forming a new inside day with 100,10 – 98,90 the levels to follow in the coming hours. The weekly closing was positive. The indicators of the daily chart are still positive for now but a weak closing will already turn them below the line supporting further weakness; those of the weekly chart remain negative. The indicators of the s/t charts are also below the line this morning supporting further weakness. In the s/t only an hourly closing above 99,15 will postpone further weakness suggesting a return toward the 200 hours line at 99,72 where we expect however strong resistance. We expect further weakness!! We stay on the sideline.
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