(94,19) The USD/YEN confirmed also on Friday 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 dollar confirmed this morning a rebound testing already the 94,80 area, but only a closing above 94,55 will support higher levels!! The indicators of the daily chart are however still in negative territory while those of the weekly one are still well positive but also still well overbought. The indicators of the s/t charts are positive this morning. Europe is starting with a gap up that could be closed. While above 93,95 we should be able to see a retest of the 94,80 area!! A break below 93,95 confirmed by an hourly closing will instead favour a retest of the 200 hours line at 93,57!!
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