USD/JPY Technical Analysis

(90,04) The USD/YEN confirmed our s/t target at 89,93 before further extending the move up toward 90,20. Possible an overshooting toward 91 but overall we expect a firm correction toward 87,00!!The indicators of the daily chart turned again positive forming further bearish divergences in an overbought area. The indicators of the s/t charts are also positive but overbought. We wait for higher levels to increase the position!

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