The EUR/JPY formed a new inside day with 109,35 – 106,35 the levels to follow in the coming hours. A break of the support will cause further weakness turning negative the indicators.
The indicators of the daily chart are however still all well positive but those of the s/t ones turned all below the line following the decline that brought this morning the cross below the 200 hours line, now s/t resistance at 106,99. While below this line we expect a decline toward the 200 hours line at 106,12. An hourly closing below 106,50 will support a negative scenery!!
Only a move above 107,95 will abort the negative scenery re-launching the move up of this cross that is still showing a positive reversal situation in the hourly chart!!
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