(89,58) The USD/YEN confirmed on Friday another strong closing in the daily chart as well as in the weekly one. It started however also finding some good resistance for now favouring a correction. The indicators of the daily chart moved again below the line and also those of the s/t charts are in negative territory this morning supporting lower levels. The indicators of the weekly chart are instead still well positive but overbought and showing potential negative reversals!! While below 89,80, now resistance, we expect a deeper correction with the 200 hours line at 88,96 the possible attraction. We stay on the sideline waiting for a deeper correction.
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Future Trend Research