(88,15) The USD/YEN formed a positive outside day with now 88,15 – 86,70 the levels to follow in the coming hours. A daily closing above 88,15 will support further strength suggesting an extension of the rally toward the 90 area. The indicators of the daily chart are again above the line for now and also those of the s/t ones are positive suggesting further upside potential. We expect however good resistance above 88,20 for now; only an hourly closing above 88,40 will re-launch the move up suggesting a new target at 89,48. We’re concerned about this move up but of course not surprised; we have however to put a stop at 88,45. If done we will sell at higher levels.
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Future Trend Research