USD/JPY Technical Analysis

(102,12) The USD/YEN confirmed further consolidation interior the inside day with 102,70 – 100,66 still 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 while those of the s/t ones are showing a mixed picture suggesting further consolidation/ correction. While below 102,55 on an hourly closing we expect the dollar to resume the decline for a retest of levels below 101!!

Click here to read the full report: USDJPY 05.29

 

Future Trend