(98,00) The USD/YEN failed to confirm the previous day’s positive day reversal but the closing was anyhow positive. A possible closing tonight above 98,45 could therefore support higher levels!! The indicators of the daily chart are however still below the line for now while those of the s/t ones are mixed suggesting further consolidation. However, in the hourly chart we have already potential negative reversal suggesting lower levels!! Only an hourly closing above 98,45 and later above 98,65, where we find today the 200 hours line, will support higher levels. A break below 97,20 will instead resume the decline suggesting a retest of the 96 area. We stay on the sideline!
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Future Trend Research