(97,88) The USD/YEN confirmed a negative daily and weekly closings on Friday starting the session even with a gap down, now resistance area 98,17 – 98,06!! While below this area we have to expect further pressure toward the 200 days line, now found at 96,39! The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/t charts are also below the line this morning supporting lower levels. Fresh bullish divergences confirm a negative tone. We remain on the sideline.
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