(120,50) The EUR/JPY confirmed a strong closing above the 120,16 level suggesting a direct extension of the move up toward next s/t target at 121,69. The indicators of the daily chart are again positive but still showing overbought conditions. The indicators of the s/t charts are also positive supporting higher levels. Bearish divergences still confirm a positive tone. The European market started again the session with a gap up (the European high was 119,76) that we expect to be closed but probably only after a possible 121 overshooting!!
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Future Trend Research