(97,62) The USD/YEN confirmed last night an extension of the correction with a 96 undershooting before an important correction kicked in. The closing was however still weak below the low of the previous session suggesting further possible weakness in the coming days!! The indicators of the daily chart are now well negative as well as those of the 4h one suggesting further possible pressure, at least for a retest of last night’s low. The indicators of the hourly hart are instead already above the line after however having confirmed clear bullish divergences. The rebound is therefore corrective; while above 97,10 on an hourly closing we can expect a retest of the 200 hours line, still found only at 98,33.
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