(76,19) The USD/YEN is still under heavy pressure suggesting a possible 76 undershooting, especially while below 76,35 on an hourly closing. The indicators of the daily chart are well negative while those of the s/t ones are still showing a mixed to negative picture supporting further consolidation/ weakness. In the hourly chart we have already a potential negative reversal suggesting a s/t target at 75,16. In the s/t only an hourly closing above 76,35 will support a rebound with the 200 hours line at 76,85 already the attraction. A break above 76,35 will also confirm a reversed S_H_S formation supporting the rebound We remain on the sideline while waiting for stronger signals!!
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FUTURE TREND RESEARCH