The EUR/JPY confirmed a weak closing below the lows of the last few sessions suggesting further possible weakness. Only a daily closing below 102,48 will however confirm lower levels suggesting a retest of the 100,76 area!
The indicators of the daily chart are still in negative territory as well as those of the s/t ones supporting further weakness. In the s/t only a return above 103,90 confirmed by an hourly closing will postpone the bearish scenery favouring a rebound with the 200 hours line at 104,23 the first attraction.
We do still see some upside potential but the scenery has worsened big time!!
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