(130,22) The EUR/JPY confirmed a weak daily closing on Friday while those of the weekly and monthly charts were also negative supporting lower level. However, only a daily closing below the 129,10 will however support lower levels suggesting the cross finally formed a top formation!! The indicators of the daily chart are still well negative as well as those of the weekly one while those of the monthly chart are showing overbought conditions, still, and a negative reversal situation. The indicators of the s/t charts are mixed suggesting some consolidation/ correction. In the hourly chart we have already close to overbought conditions while showing a negative reversal situation suggesting a target at 128,40.a break below 128,80 will confirm lower levels. While above we could still see a retest of the 200 hours line at 130,86, move that we suggest selling. We sell a 130,75 overshooting!!
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