(91,74) The USD/YEN confirmed a session of consolidation remaining interior the negative key day reversal with 94,90 – 90,80 still the levels to follow in the coming hours. Only 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 while those of the s/t ones are mixed this morning suggesting further consolidation. The pair is also consolidating interior a symmetrical triangle in the s/t charts suggesting further weakness. Already an hourly closing below 91,25 will signal lower levels. We are still waiting for lower levels to cover the shorts!
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