(93,41) The USD/YEN confirmed a strong closing on Friday extending its move up toward 93,80, the 75 % of the previous drop 94,78 – 90,91!! The weekly closing was therefore positive forming a positive outside week with 94,90 – 90,80 the levels; this is also negative key day reversal we are following since the beginning of last week. The indicators of the daily chart are still well negative while those of the weekly one remain positive but well overbought and showing potential negative reversals. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Possible therefore a return toward the 200 hours line now found at 92,92, scenery supported by a negative reversal in the hourly chart! We stay on the sideline.
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