(121,30) The EUR/JPY confirmed a weak closing well below Friday’s low suggesting a firm test of the key level at 118,73; a daily closing also below this last level will open the way for a deeper correction suggesting even a 115 undershooting with the 200 days line at 107,92 the attraction!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line suggesting further weakness. The drop confirmed our target at 121,07 but we believe we could see further pressure especially while below 121,80/ 122,00, now good resistance area.
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Future Trend Research