(99,27) The USD/YEN confirmed a strong closing last night above the top of the previous session; a possible closing tonight above 99,60 will confirm a s/t bottom suggesting already a resumption of another move up. The indicators of the daily chart are again above the line as well as those of the s/t ones supporting further strength. In the hourly chart we have potential negative reversals but yesterday’s rally formed already bearish divergences suggesting a positive tone. The s/t scenery is therefore still well mixed. We prefer therefore staying on the sideline waiting for stronger signals.
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