(121,40) The EUR/JPY formed a positive outside day while however still remaining interior the larger inside day with 118,60 – 125,50 still the levels to follow in the coming hours/ sessions. Still only a daily closing below 118,60 will confirm further weakness! The weekly closing was weak below the low of the previous week suggesting further downside risk! The indicators of the daily chart are still well negative but those of the weekly one are still above the line for now. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction. In the hourly chart we have a negative reversal situation suggesting a possible s/t target at 116,41!! Only a move above 122,20 will postpone the de3cline causing further strength, that we see however limited!! We stay on the sideline!
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Future Trend Research