he USD/YEN formed a small positive day reversal but only a daily closing above 77,91 tonight we support a s/t bottom favouring higher levels.
The indicators of the daily chart are still in positive territory but those of the s/t ones are still mixed suggesting further consolidation.
In the s/t only an hourly closing above 77,91 will support higher levels suggesting a 78 overshooting. A break below 77,50 will instead extend the corrective move suggesting a test of the 77 area!
We keep staying on the sideline.
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FUTURE TREND RESEARCH