(98,80) The USD/YEN confirmed a weak closing well below Friday’s low confirming the small negative day reversal; further weakness and probable especially in case of a closing tonight below 98,64! The indicators of the daily chart closed last night below the line and also those of the s/t charts are in negative territory supporting further weakness. The decline started also forming bullish divergences in the hourly chart supporting a negative tone. While below the 200 hours line at 99,12 we could see further weakness. In general prefer however still remaining on the sideline waiting for further signals and a more clear picture!
Read the full report: USDJPY 09.24
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