(131,76) The EUR/JPY is confirming further consolidation interior the inside day with 133,00 – 129,85 still the levels to follow in the coming hours. Only a daily closing below 129,85 will support a larger correction suggesting a drop toward the support lone that we find now at 126,00!! The indicators of the daily chart are still well negative but a closing above 133,00 will probably turn them up again!! The indicators of the s/t charts turned instead above the line since yesterday following the rebound we’re seeing. In the hourly chart we have however overbought conditions and potential negative reversals. However, before turning lower we may see a 131,90 overshooting, or the 50% retracement, with even a possible overshooting toward 132,40!! We start selling small a 131,90 overshooting increasing the position at 132,50!!
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