(118,15) The EUR/JPY confirmed another strong closing well above the s/t target confirming even a direct 118 overshooting. The indicators of the daily chart are now again well positive forming even new bearish divergences. Those of the s/t ones are also positive but already well overbought but this could not be enough to stop the move up. Possible therefore a direct extension toward 120 especially in case of a break above 1,33 in EUR/DOLL!! The European market will start this session with a gap up of more than 100 pips while at the present level. We expect that something will be closed. It was a mistake not to close as we suggested
Click here to read the full report: EURJPY 01.11
Future Trend Research