(126,60) The EUR/JPY confirmed a negative closing below the neck line of the suggested S_H_S formation supporting lower levels. The weekly closing was even weak below the low of the previous week supporting lower levels!! The indicators of the daily chart are still well negative and now also those of the weekly one are below the line supporting lower levels. The indicators of the s/t charts are instead mixed to positive at the moment suggesting some s/t upside potential. The possible move up should be corrective giving a selling opportunity! Only an hurly closing above 128,15 will postpone further weakness suggesting even a possible 130 overshooting. Only a move above 131,30 will instead abort the S_H_S formation!! We wait for higher levels to sell!!
Read the full report: EURJPY 06.17
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