(127,88) The EUR/JPY failed to confirm the previous day’s positive day reversal forming instead a negative one suggesting lower levels. A daily closing below 126,44 will confirm a new top suggesting a retest of the 125,00 – 124,90 support area and now key level!! The indicators of the daily chart are still above the line for now but those of the s/t ones turned below the line. The drop confirmed also a negative reversal in the hourly chart suggesting a s/t target at 124,94, below the low we had on Monday!! An hourly closing below 126,40 will support lower levels. We stay short with a stop above the 200 hours line, now found at 129,02. In case of an hourly closing below 126,44 we’ll move it to 128,55!!
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Future Trend Research