(88,97) The USD/YEN confirmed another strong closing last night but it missed yet to already test directly the 90 level, first target of the move up. The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals; bearish divergences confirm however a positive tone!! The indicators of the s/t charts are instead turning below the line supporting some consolidation/ correction. The dollar already confirmed a small S_H_S formation with the neck line, now resistance, at 89,30. While below this level we favour a deeper correction with the 200 hours line at 88,18 the possible attraction.
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Future Trend Research