(130,49) The EUR/JPY managed still to confirm a strong closing last night after a 131 overshooting. Only a daily closing below 129,70 will support a correction. While above we could still see an extension of the move up toward the 133 area!! The indicators of the daily chart are well positive while those of the s/t ones are still showing also this morning a mixed picture with however still a positive bias. In the s/t we expect therefore further consolidation; only an hourly closing below 129,75 will postpone the move up favouring a deeper correction with the 200 hours line already at 126,04 the attraction!! It’s too high but the markets is still bidding it higher.
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Future Trend Research