(131,30)The EUR/JPY confirmed a positive closing but it failed to extend the move up for now finding good resistance at 131,50. The indicators of the daily chart are however still positive and also those of the s/t ones are positive or very close to turn again above the line supporting a possible move up. An hourly closing above 131,50 will favour a test of the 132 area confirming also a positive reversal suggesting a s/t target at 131,85. Despite the positive scenery we try staying short.
Read the full report: EURJPY 09.04
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