(99,23) The USD/YEN confirmed as well a session of consolidation forming a new inside day with 99,65 – 98,35 the levels to follow in the coming hours. The indicators of the daily chart are still positive for now while those of the s/t ones are showing still a mixed picture suggesting further consolidation/ correction. Only an hourly closing above 99,40 will favour a little higher levels, move that we expect however to be limited by potential negative reversals. The signals are however not yet so strong to be able to suggest a short position. We stay on the sideline.
Read the full report: USDJPY 09.18
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