(123,25) The EUR/JPY confirmed a weak closing even below 122,90 supporting further weakness with the support line at 121,80 the first attraction. The drop confirmed our s/t target at 122,59. The indicators of the daily chart are still well negative supporting further possible weakness while those of the s/t ones are now mixed suggesting some consolidation/ correction. The drop failed yet to form bullish divergences but the s/t tone is anyhow still rather negative supporting further weakness. We stay on the sideline!
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Future Trend Research