(94,73) The USD/YEN confirmed a negative closing also on Friday finding however good support above 93,80! The weekly closing was instead weak, below the low of the previous week! The indicators of the daily chart are still well negative and still close to the oversold area while showing a potential positive reversal situation; those of the weekly one are also negative suggesting further downside risk. The indicators of the s/t charts are instead positive this morning. While below 95,80 the dollar will remain under pressure suggesting a direct extension of the correction toward 93,01!! An hourly closing above 95,80 will instead support an extension of the correction with the 200 hours line, now at 96,83, the possible attraction!! In the hourly chart we have a small double bottom but only an hourly closing above 95,80 will confirm it!! A possible move up is corrective and a selling opportunity for a drop toward 93,01 and later 91,50!!
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