(129,17) The EUR/JPY confirmed a negative closing but it failed to confirm the previous day’s negative day reversal. The indicators of the daily chart are still well positive but those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. In the hourly chart we have potential negative reversals but not all conditions that support a bearish market are yet in place!! Only an hourly closing below 127,85 will support lower levels suggesting a retest of the 125 area!! We stay on the sideline.
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Future Trend Research