USD/JPY Technical Analysis

(101,92) The USD/YEN confirmed another negative closing yesterday remaining however interior Friday’s range forming a new inside day with 102,70 – 100,66 the levels to follow in the coming hours; only a daily closing below 100,55 will support lower levels and a closing of the open gap up, 100,70 – 99,42!! The indicators of the daily chart are still well negative but those of the s/t ones turned above the line following the move up that we expect to be a corrective rebound!! Possibel a test of the 200 hours line at 102,17with even a possible overshooting toward 102,50. We suggest selling this rally for a drop below 100!!

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