(92,56) The USD/YEN confirmed a strong closing on Friday after a 92,50 overshooting. The dollar kept the gap up area in the US as well as in Europe. The indicators of the daily chart are still well positive but overbought and also those of the weekly one are positive but heavy overbought and however still showing potential negative reversals suggesting a firm and sensible correction. The indicators of the s/t charts are mixed this morning suggesting some consolidation. Only an hourly closing below 92,50 will however favour lower levels suggesting a test of the support line at 91,70. While above 92,50 we could see a retest of Friday’s top. We stay on the sideline!!
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Future Trend Research