(101,10) The USD/YEN confirmed finally a break above 100 that caused a selloff in the YEN in general causing already a 101 overshooting. Possible a direct extension toward our m/t target at 101,81 even a 102 overshooting before a strong decline because we still believe the next important move in DOLL/YEN will be on the downside!! The indicators of the daily chart are now well positive as well as those of the weekly one, still overbought!! The indicators of the s/t charts are also positive but overbought! Europe has a big gap up that we expect to be closed somehow: 99,42 – 100,88. We stay on the sideline!
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