(125,83) The EUR/JPY formed a negative day reversal after a retest of the 127 level; a daily closing tonight below 125,00 will confirm lower level suggesting a possible break below the previous low at 123,40!! The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting further consolidation/ correction. While below 126,00 on an hourly closing we expect this cross to move lower with a potential s/t target at 122,69. Only a move above 127,00 will abort this scenery re-launching the move up!!
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Future Trend Research