The USD/YEN confirmed yesterday a further session of consolidation interior the range of the inside day with 77,15 – 76,45 still the levels to follow in the coming hours/ session; a daily closing above 77,15, but better would be above 77,35, will support higher levels.
The indicators of the daily chart are still in negative territory but close to the line but those of the s/t ones are above the line supporting further upside potential.
At the moment the dollar is also above the 200 hours line at 77,00 and while above this line the scenery should remain rather positive!
We keep staying on the sideline while waiting for stronger signals!!
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