(99,09) The USD/YEN confirmed a strong closing on Friday well above the resistance of the inside day at 98,25 suggesting further upside potential. While above 98,90 on an hourly closing we could see an extension of the move up toward 99,80 form where we expect another drop with the 200 hours line at 98,27 the attraction. The indicators of the daily chart are however still below the line but those of the weekly one remain well positive but also still well overbought!! The indicators of the s/t charts are positive this morning supporting further strength!. The rally above 99 started forming bearish divergences supporting a positive tone. We stay on the sideline!
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