(125,09) The EUR/JPY confirmed a strong closing last night above Friday’s positive day reversal at 125,28! This should already support higher levels but suggest waiting for further confirmations. The indicators of the daily chart are however still well negative but showing potential positive reversals. The indicators of the s/t charts are mixed this morning suggesting some more consolidation. The cross is at the moment around the 200 hours line at 125,08 and we could well see a move lower, at east at the beginning of these session suggesting a test of the support line at 123,70!! Only an hourly closing above 125,90 will resume the move up!
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Future Trend Research