(129,90) The EUR/JPY formed a positive outside day with 130,55 – 128,85 the levels to follow in the coming hours. 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. The cross confirmed yesterday a retest of the 130,40 level where again it found good resistance; however only a move below 129,00 confirmed by an hourly closing will confirm a s/t top supporting lower levels. The move above 130 confirmed the suggested positive reversal in the hourly chart suggesting a s/t target at 131,27!! We stay on the sideline!!
Click here to read the full report: EURJPY 05.09
Future Trend