(127,97) The EUR/JPY confirmed on Friday a weak closing below the low of the previous session but the weekly one was still strong!! Only a daily closing tonight below 128,60 will confirm a s/t top favouring a deeper correction toward 126!! The indicators of the daily chart are well positive as well as those of the weekly one suggesting still a positive m/t scenery. The indicators of the s/t charts are instead below the line this morning suggesting further weakness. We have resistance at 128,40 and while below this level we expect a firm test of the 200 hours line at 127,35. The decline is still corrective , therefore a buying opportunity!! We stay on the sideline for now.
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Future Trend Research