(119,30) The EUR/JPY confirmed a weak closing last night below the support of the inside day the cross was in since last week! We expect now a fir test of the 118,70 key level. A daily closing also below this level will open the way for further and probably more weakness suggesting a move toward 115 while the attraction will be the 200 days line at 108,42!! The weekly closing was weak below the low of the previous week suggesting we have a top at 126,05!! The monthly closing was also negative. The indicators of the daily chart are still well negative but those of the monthly and weekly charts are still positive, for now!! The indicators of the s/t charts are negative supporting further weakness toward a new s/t target at 118,26!! We expect further weakness.
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Future Trend Research