USD/JPY Technical Analysis

(96,65) The USD/YEN confirmed a weak closing below the 100 days line and below the low of the previous session aborting therefore the previous performance of the dollar on the upside. We expect a fir retest of the 95 area with a probable undershooting!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness. Only a move above 99,30 will abort further weakness!! We stay on the sideline.

Read the full report: USDJPY 06.12

 

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