(129,65) The EUR/JPY failed to extend the move up finding good resistance above the resistance line at 130,10. The indicators of the daily chart are still well positive but those of the s/t ones turned already mixed suggesting further consolidation/ correction. The rally above 130 formed bearish divergences supporting a positive tone. The correction we’re seeing could favour a retest of the 200 hours line at 128,67 form where we expect another test on the upside!! We stay on the sideline.
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