(98,53) The USD/YEN confirmed a positive closing and it is still well bid suggesting further upside potential. A possible closing tonight above 98,50 could support a retest of the previous top!! The indicators of the daily chart are however still below the line for now but those of the s/t ones are above the line this morning suggesting some upside potential. An hourly closing above the 200 hours line at 98,60 could favour a 99 overshooting move that we suggest selling with a stop above 100!! In the hourly chart we have still potential negative reversals suggesting a limited upside potential. Only an hourly closing below 97,90 will postpone further strength resuming the decline!! We stay on the sideline!
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Future Trend Research