(93,98) The USD/YEN confirmed on Friday a positive outside day while remaining however still interior the bigger inside day with 94,55 – 92,25 still the levels to follow in the coming hours/ session. Only a break of the support confirmed by a daily closing will favour a drop toward the 90!! The indicators of the daily chart are however still below the line suggesting further consolidation/ correction. Those of the s/t ones turned instead all positive suggesting some upside potential; in the hourly chart we have a potential negative reversal situation but not so sure how strong it is. Anyhow an hourly closing above 94,25 will already abort it. We still expect a deeper correction!!
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Future Trend Research