(102,30) The EUR/JPY confirmed a strong closing last night well above the resistance of the inside day at 100,85 supporting the extension that this morning favoured a test of the 102,45 area. The hourly closing above 102,21 just a few minutes ago is suggesting further possible strength is possible toward the 100 days line at 102,90!! The indicators of the daily chart are still well positive but already showing potential negative reversals. Those of the s/t ones are also in positive territory supporting higher levels!! We got already stooped out; we wait therefore for higher levels to sell again. We believe in a firm correction toward the 200 hours line still found only at 100,55
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FUTURE TREND RESEARCH