(93,28) The USD/YEN confirmed a negative closing last night while however 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 but now showing potential positive reversals. Those of the s/t ones are mixed this morning suggesting further consolidation. While below the 200 hours line at 93,46 we expect further downside risk toward the support line at 92,25. 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