(128,55) The EUR/JPY failed to confirm the small positive day reversal but it confirmed anyhow a positive settlement, especially in the monthly chart, above the of the previous few months as well as above the resistance of an inside month!! Further strength is well possible!! The indicators of the daily chart are at the line but those of the monthly one are well into the positive territory suggesting higher levels. The indicators of the s/t charts are small positive this morning suggesting some upside potential with the 200 hours line at 128,91 the first attraction!!
Click here to read the full report: EURJPY 05.01
Future Trend