(121,77) The EUR/JPY confirmed on Friday a negative closing while remaining still interior the inside day with 126,10 – 123,70 the levels. The cross already broke this support in a sensible way supporting further weakness. In the weekly chart it formed a negative week reversal. The indicators of the daily chart are well below the line in negative territory but those of the weekly one are not yet. The indicators of the s/t charts are also negative supporting further weakness. Bullish divergences in the s/t charts are supporting a negative tone. The drop confirmed a negative reversal in the 4h chart suggesting a s/t target at 118,46!!
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