The EUR/JPY confirmed a positive closing but not a strong one and however not above the resistance of the outside day at 104,85. Nevertheless we see further upside potential for this cross!
The indicators of the daily chart are still positive while those of the s/t ones are mixed this morning suggesting further consolidation for now. The strength formed however further bearish divergences confirming the positive tone. Possible s/t declines are therefore corrective and buying opportunities, especially close to the 200 hours line, that we find today at 103,74!!
We suggest waiting for a decent correction to buy this cross because this cross will go higher.
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