(99,75) The USD/YEN confirmed a weak closing below the low of the previous session that was a negative day reversal. We may have a s/t top in case of a daily closing tonight below 99,00, yesterday’s low. The indicators of the daily chart are still well positive while those of the s/t ones are mixed this morning suggesting further consolidation. The rebound we’re seeing since the low at 99,00 could be corrective and could be forming the right shoulder of a S_H_S formation. We expect resistance just above 100 before the previous top at 100,62. We stay on the sideline.
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