USD/JPY Technical Analysis

(99,12) The USD/YEN formed a small negative day reversal but only a daily closing below 98,60 will confirm a s/t top!! Europe and the US are still running gap ups that could be closed. The indicators of the daily chart are still well positive while those of the s/t ones are mixed at the moment suggesting some consolidation/ correction. Only an hourly closing below 98,60 will support a deeper correction completing also a S_H_S formation with the neck line at 98,67!! While above 98,60 the trend is still up suggesting a 100 overshooting!!

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