(93,33) The USD/YEN failed to confirm the previous day’s negative day reversal confirming the same closing after a test of the 93,10 area where it found however good support. The indicators of the daily chart are still in positive territory but a weak closing tonight will already turn them negative supporting a correction. The indicators of the s/t charts are instead already below the line supporting some consolidation/ correction. An hourly closing below 93,09 will support lower levels suggesting an extension of the correction toward the 200 hours line, now found at 92,31!! Only a move above 93,75 will resume the move up. We stay on the sideline expecting lower levels!!
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