(127,55) The EUR/JPY is also confirming further consolidation interior the inside day with 128,25 – 125,05 still the levels to follow in the coming hours! A move above 128,25 will a retest of the 130 area where we expect strong resistance. Only a move above 131,30 will abort the suggested S_H_S formation, therefore also lower levels!! The indicators of the daily chart are still well negative while those of the s/t charts are showing a mixed picture this morning suggesting some consolidation/ correction. The possible move up should still be corrective and therefore a selling opportunity!
Read the full report: EURJPY 06.19
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