EUR/JPY Technical Analysis

(132,08) The EUR/JPY confirmed a strong closing well above the resistance of the positive outside day favouring a direct 132 overshooting. Europe has a big gap up 131,57 – 130,43 that we expect to be closed with a drop of the EUR/DOLL below 1,30!! The indicators of the daily chart are still well positive and at the moment also those of the s/t ones are well positive but overbought. We sold some EUR/YEN here at 132,04 for a drop into the gap up area!!

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