(92,56) The USD/YEN confirmed a positive closing above the top of the previous session but overall it is still consolidation remaining interior the big 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 monthly closing was strong well above the top of the previous month. The indicators of the daily chart are still well negative while those of the monthly one are well above the line, however showing potential negative reversals: they are not overbought yet. The indicators of the s/t charts are also positive this morning suggesting further upside potential toward the 200 hours line, now found at 92,96. In the hourly chart we have however potential negative reversals suggesting a limited upside potential!! We stay on the sideline.
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