(131,58) The EUR/JPY started closing the gap up area but found support already at 131,20; while below 132,00 on an hourly closing we expect however further weakness toward if not even directly below the 200 hours line, now found at 131,03!! The indicators of the daily chart are still well positive but those of the s/t ones turned below the line supporting further consolidation/ correction. Since last night this cross is consolidating interior an inside hour with 132,05 – 131,10 the levels to follow; an hourly closing below the support at 131,10 will confirm lower levels and we favour a 130 undershooting!!
Click here to read the full report: EURJPY 05.16
Future Trend