(132,15) The EUR/JPY is still well bid and also yesterday it failed to close the gap up area, now 131,53 – 130,43. The closing was positive but off the highs of the session! The indicators of the daily chart are still well positive but the barely moved while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction with however an upside bias. We may see further strength but we are still strongly convinced that this cross should find a s/t top shortly giving the way to an important correction. Only an hurly closing above 132,80 will abort our scenery!!
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