(130,50) The EUR/JPY confirmed appositive closing reversing a little bid Monday’s drop. It is on the way to confirm a small double top above 101,40 suggesting a possible retest of the below 100. Only a daily closing below 129,50 will however support lower levels!! The indicators of the daily chart are still well negative and at the moment also those of the s/t ones are returning below the line supporting further weakness. In the hourly chart we have already a potential negative reversal suggesting a possible s/t target at 129,12!! Only a move above 131,45 confirmed by an hourly closing will postpone further weakness.
Read the full report: EURJPY 06.05
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