(131,63) 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 line still at 126,30! It’s now the 7th session that the cross is interior the formation!! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation. Only a move above 132,15 confirmed by an hourly closing will postpone further weakness favouring a retest of levels above 133. Having formed fresh bullish divergences the move up should be corrective. We stay short keeping also the stop for now!! If executed we may try to sell it again at higher levels!!
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