(92,97) The USD/YEN failed to confirm the previous day’s positive day reversal turning again lower and suggesting further possible weakness. We expect therefore a retest of the 92,60/50 area with a possible break of it! The indicators of the daily chart are still well negative while however still showing potential positive reversals. Those of the s/t charts have returned below the line for now supporting further weakness. An hourly closing below 92,57 is however required to extend the decline toward a s/t target at 92,35. Only a move above 93,67 confirmed by an hourly closing will abort further weakness supporting higher levels, if not even a resumption of the move up!!! We do still favour lower levels!!
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Future Trend Research