(91,96) The USD/YEN formed a negative key day reversal confirming a weak closing, well below the lows of the previous few, many, sessions. We have now 94,90 – 90,80 the levels to follow in the coming hours. A daily closing below 90,80 will suggest an extension of the correction toward the 88 area!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. In the hourly chart we have of course oversold conditions. The dollar already confirmed a nice rebound after the drop last night to 90,90; we expect a retest of the lows with a possible extension toward the support line at 90,45. This possible drop is probably a buying opportunity because the trend is still up!!
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Future Trend Research