(96,48) The USD/YEN confirmed a session of consolidation remaining interior Friday’s range forming a new inside day with 96,65 – 94,65 now the levels to follow. A daily closing above 96,65 will support a direct extension of the move up toward the 98 area!! The indicators of the daily chart are still well positive supporting higher levels. Those of the s/t ones are instead mixed this morning suggesting some consolidation/ correction. Fresh bearish divergences still confirm a positive tone. Possible corrections should find support already at 96,00 but the 200 hours line is found still only at 94,14, probably a little too far. For this reason we favour a correction but of course we cannot rule out first a rally toward 98 before down!!
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Future Trend Research