(99,80) The USD/YEN confirmed on Friday a strong closing suggesting a direct retest of the previous top at 99,95. A possible closing above this level will open the way for a direct extension of the move up toward 102!! The indicators of the daily chart are now again above the line and of course also those of the weekly one are still well positive but also well overbought near the 80% level!! The indicators of the s/t charts are also positive this morning supporting further strength. Today’s session is starting with a gap up, a small one, that could be closed already with a retest of the 99,30 area; the holding of this support will favour another test on the upside and a probable break above the previous top!! We stay on the sideline!
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