(98,50) The USD/YEN confirmed a negative closing suggesting further pressure that could favour a retest of the 97,80 area. Only a daily closing below this level will support a lower dollar suggesting a direct sell off toward the 200 days line at 96,18! The indicators of the daily chart are now negative suggesting further pressure and also those of the s/t ones are negative. Bullish divergences in the hourly chart suggest a possible negative tone but….. For now we still prefer remaining on the sideline waiting for stronger signals!
Read the full report: USDJPY 09.25
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