(89,11) The USD/YEN confirmed a very strong closing well above the resistance of the positive outside day at 88,15 supporting a direct extension of the move up that in the coming hours/ session could confirm a 90,00 overshooting!! The move up is in fact already confirming a positive reversal in the daily chart suggesting a target at 90.95!! The indicators of the daily chart are now again well positive but still showing overbought conditions but now also bearish divergences supporting a positive tone. The indicators of the s/t charts are also positive supporting higher levels. We stay on the sideline. The slope of the move up is really too steep to be sustainable but at this point the market will probably see a 90 overshooting!
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Future Trend Research