(132,14) The EUR/JPY confirmed on Friday further consolidation interior the inside day before forming yesterday a negative outside day with now 132,75 – 130,90 the levels to follow in the coming hours. Only a daily closing below 130,90 will support a deeper correction!! The indicators of the daily chart are still well positive as well as those of the weekly one; by the way on Friday this cross confirmed a negative week reversal but only a weekly closing below 131,19 will confirm a s/t top. The indicators of the s/t charts are mixed this morning supporting further consolidation/ correction. Only a move below 131,50 will however support lower levels suggesting a possible drop below 131!! We stay on the sideline but still favour lower levels!!
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