(98,30) The USD/YEN confirmed a weak closing but it found support at the former resistance line of the symmetrical triangle, now found at 97,85. Only a return below this line will support lower levels with the 200 days line at 95,88 the attraction. The indicators of the daily chart turned again negative last night as well as those of the s/t ones supporting further weakness. The drop below 98,00 sent oversold the s/t indicators. While below 99,00, now the s/t resistance line we expect another test on the downside! We stay on the sideline.
Read the full report: USDJPY 09.19
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