(97,68) The USD/YEN confirmed our s/t target and a weak closing well below the low of the previous session as well as well below the support line of the symmetrical triangle the dollar is forming since May. In September it broke it on the upside failing however to extend the move up. We expect further weakness!! The indicators of the daily chart are still well negative as well as those of the 4h one suggesting further downside potential. Only the indicators of the hourly chart are above the line this morning suggesting a possible correction. We expect resistance already above 98 before the 200 hours line at 98,34! We remain on the sideline.
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