(95,72) The USD/YEN formed a negative outside day after the 96,70 overshooting. We have now new levels to follow: 96,80 – 95,50. A daily closing below 95,50 will support a return toward 94,50 if not even directly lower. The indicators of the daily chart are also turning below the line suggesting further pressure. Those of the s/t ones are negative but already showing close to oversold conditions, especially in the hourly chart. An hourly closing below 95,60 will however support a direct extension of the correction suggesting a test of the support line at 95,20, but the real attraction will be the 200 hours line, now found at 94,60!! We expect lower levels!!
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