(90,86) The USD/YEN is now for sure too high after the FED meeting and for sure after the US GDP but still the market is ready to buy it. Well, buy it if you want but for sure one should be able to buy this dollar a sensible lower levels!! The indicators of the daily chart are still below the line and are even forming a double top formation!! The indicators of the s/t charts are also negative this morning supporting a firm correction!! We expect the DOLL/YEN to move lower; we have therefore increased our position selling another small pice at 90,86 bringing the average to 90,34!!
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Future Trend Research