(87,40) The USD/YEN confirmed a weak closing below the low of the previous session but also below the support of the inside day at 87,10 suggesting further possible weakness. The drop confirmed an undershooting of the 200 hours line, today at 87,10. The indicators of the daily chart closed below the line while those of the s/t ones are mixed suggesting further consolidation/ correction. The decline below 87,00 started also forming bullish divergences in the faster RSI suggesting an imminent change of the tone and this could lead to a deeper correction. In fact in the hourly chart we have already potential negative reversals. However, we suggest waiting for further confirmation before in case increase the short position.
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Future Trend Research