(94,79) The USD/YEN confirmed a positive closing while however remaining interior the inside day with 96,20 – 93,65 the levels to follow in the coming hours. A break below 93,65 will support an extension of the correction toward the 200 days line at 89,58!! The indicators of the daily chart are still well negative close to the oversold area while showing a potential positive reversals. The indicators of the s/t charts are instead still positive also this morning. The dollar is currently also consolidating interior a symmetrical triangle. While below 95,25 on an hourly closing the dollar will remain under some pressure suggesting a direct extension of the correction toward 93,01, the s/t target!! We stay on the sideline.
Read the full report: USDJPY 06.18
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