(98,13) The USD/YEN confirmed a strong closing confirming therefore also the positive day reversal of the previous session. However, only a daily closing above 99,16 will confirm a bottom supporting higher levels!! The indicators of the daily chart have moved above the line but those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. However, in the hourly chart we have already a negative reversal suggesting a s/t target at 96,55, up from yesterday’s 96,07!! Only an hourly closing above 98,55 will postpone the decline!
Read the full report: USDJPY 08.30
Future Trend