The USD/YEN confirmed a session of consolidation interior the previous day’s range forming a new inside day with 78,30 – 77,15 the levels to follow in the coming hours.
The indicators of the daily chart are still positive but those of the s/t ones are mixed supporting further consolidation.
While below the resistance line at 78,00 we could see another drop toward the 200 hours line at 77,53 if not even lower. We are however still missing strong signals for this dollar.
We remain on the sideline while keeping the position!
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FUTURE TREND RESEARCH