(93,41) The USD/YEN confirmed a stable closing last night however while still confirming further consolidation interior the big 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 still in negative territory and also those of the s/t ones are still below the line supporting further consolidation/ correction. This morning we are again below the 200 hours line at 93,49 and on top of that we have a negative reversal in the hourly chart suggesting a s/t target at 93,06!! We still expect a deeper correction!! Only an hourly closing above 94,05 will resume the move up!!
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Future Trend Research