(129,67) The EUR/JPY is further extending the corrective move up that we expect to find good resistance in the 129,80/ 130 area. The closing last night was positive forming a positive day reversal but only a daily closing tonight above 129,03 will confirm a possible bottom!! The indicators of the daily chart are again positive but not yet those of the 4h one suggesting a mixed picture. The indicators of the hourly hart are instead well positive but already a little overbought showing potential negative reversals. This should also help to now limit the upside. We sold small EUR/YEN her at 129,65!
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Future Trend Research