(90,90) The USD/YEN confirmed another strong closing suggesting further upside potential. We had already a 91,20 overshooting this morning, before turning again lower but still showing a well bid tone. The move up confirmed our m/t target as well as the s/t one! The indicators of the daily chart are still in negative territory but those of the weekly one are positive and well overbought showing also a clear negative reversal situation. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 90,75 will however support lower levels with the 200 hours line at 89,52 the possible attraction. We have increased our position as suggested bringing the average to 90,08!
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