(98,40) The USD/YEN confirmed a positive monthly closing, but only by a few pips, without to confirming the previous month’s positive month reversal. The daily closing was negative but the dollar managed to close the gap down area. The indicators of the daily chart are still well negative while those of the monthly one remain in positive territory, however showing potential negative reversals!! The indicators of the s/t charts rebounded above the line after however having formed bullish divergences in the hourly chart. We have already a negative reversal suggesting a s/t target at 97,17. We remain on the sideline.
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