(94,70) The USD/YEN confirmed on Friday a weak closing below the low of the previous week and also the weekly one was weak below the low of the previous week that was a negative day reversal. We expect further weakness!! The indicators of the daily chart are still well negative but those of the weekly one remain well above the line and close to the overbought area. The indicators of the s/t charts are mixed at the moment suggesting further consolidation / correction. While below 95,15 on an hourly closing we favour further weakness toward the suggested target at 93,93!! We expect a deeper dollar.
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Future Trend Research