(96,50) The USD/YEN confirmed a very weak closing well below the previous low but also well below the support of the inside day suggesting further weakness. The drop confirmed an undershooting of the 100 days line at 96,32 that already favoured a test of the 95,50 levels. The indicators of the daily chart are well negative now already close to the oversold area. Those of the s/t ones are also below the line and oversold. We could see further weakness toward 94,50 but this extension if not already at the present level is a buying opportunity!
Read the full report: USDJPY 06.07
Future Trend
