(100,47) The USD/YEN confirmed a strong closing last night above the resistance of the inside day, the dollar was interior in the past few sessions, at 100,35 suggesting a possible retest of the 101,50 area! We asre however skeptical about much higher levels at the present conditions! The indicators of the daily chart are still well positive as well as those of the s/t ones supporting further strength. Fresh bearish divergences confirm a positive tone. The move up already confirmed all possible s/t targets suggested by the hourly chart suggesting a possible correction for the coming hours with the 200 hours line at 99,50 again the attraction! We stay on the sideline.
Read the full report: USDJPY 09.11
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