(121,05) The EUR/JPY formed a small negative day reversal while remaining however interior the inside day with 118,60 – 125,50 still the levels to follow in the coming hours/ sessions. Only a daily closing below 118,60 will confirm further lower levels suggesting a 117,50 undershooting!! In the monthly chart the cross formed a negative month reversal but only a monthly closing at the end of March below 118,70 will confirm a top. The indicators of the daily chart are still well negative and still showing potential positive reversals, while those of the monthly one are positive however showing potential negative reversals. The indicators of the s/t charts are still positive however very close to the line and showing already negative reversals in the hourly chart! Still possible an extension of the corrective move up toward the 200 hours line, now found at 122,67. This move up is in our view still corrective and therefore a selling opportunity, but only close to the 200 hours line. We stay on the sideline!
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Future Trend Research