(93,89) The USD/YEN confirmed again a strong closing above the tops of the previous sessions but overall it is still consolidating interior the negative outside day with 94,90 – 90,80 still the levels to follow. The dollar retraced now more than 75% of the previous drop putting into question the correction. The indicators of the daily chart are however still well negative but those of the s/t ones are positive suggesting further upside potential. The move up failed yet to form divergences while it is still showing potential negative reversals. The s/t scenery is still well mixed but chances supporting further strength and a possible move toward 95 are now increasing. We stay on the sideline still waiting for further confirmations.
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Future Trend Research