(125,75) The EUR/JPY confirmed a positive closing while remaining interior Friday’s range forming a new inside day with 126,10 – 123,70 the levels to follow in the coming hours. A break above 126,10 confirmed by a daily closing will support further direct strength suggesting a retest of the previous high at 127,70 with a possible extension toward a target at 128,53!! The indicators of the daily chart are however still below the line but those of the s/t ones are in positive territory supporting further strength. Bearish divergences in the hourly chart confirm a positive tone. We have to expect further strength in the s/t but there is a chance for a correction toward the 200 hours line, now found at 122,72, before extending the move up toward 128!!
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