(97,68) The USD/YEN formed a negative day reversal but only a daily closing below 97,50 will support lower levels. The indicators of the daily chart are still well negative as well as the indicators of the s/t charts supporting further weakness. The target of the present decline should be 97,17 but a possible daily closing below 97,50 will probably change the scenery suggesting a firm test of the 200 days line at 96,52, just to start with!! We remain on the sideline.
Read the full report: USDJPY 10.02
Future Trend