(88,20) The USD/YEN confirmed a weak closing below a s/t support line but also well below the support of the negative outside day reversal at 89,20 suggesting further weakness toward the 87,00 area where we find another important support line. The indicators of the daily chart are still well negative and also those of the s/t ones are still well negative showing oversold conditions in the hourly as well as in the 4h charts. While below 88,40 on an hourly closing we expect however further weakness suggesting a direct 88,00 undershooting with the 200 4h line at 86,35 now the attraction. We stay on the sideline waiting for a deeper correction.
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Future Trend Research