(102,30) The USD/YEN failed to confirm the negative day reversal and the closing was even positive. In the hourly chart it confirmed however the suggested S_H_S formation and while below the neck line, now resistance at 102,45 we expect another test on the downside. Only a break below 101,80 confirmed by an hourly closing will however confirm lower levels!! The indicators of the daily chart are still well positive but those of the s/t ones are still consolidating below the line suggesting further downside pressure. We wait for confirmations!!
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