The EUR/JPY still confirmed a negative closing remaining however still above the 104 level. The indicators of the daily chart closed below the line but are again turning above the line this morning while those of the s/t ones are still mixed suggesting further consolidation. The move up we’re seeing this morning is however confirming also a positive reversal suggesting a s/t target at 105,25. Only a return below 103,60 will abort this scenery!
We stay long putting a stop at 103,55!
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FUTURE TREND RESEARCH