(131,25) The EUR/JPY confirmed a strong closing last night after a 131,80 overshooting, remaining however below the resistance line at 132!! The indicators of the daily chart are still in positive territory but those of the s/t ones turned again mixed suggesting further consolidation/ correction. The move up above 131,50 formed fresh divergences in the hourly chart but for the moment this is not enough to support a break into higher territory! In the s/t possible a return toward the 200 hours line at 130,74 even a little lower move that we expect to be corrective and therefore a buying opportunity. The s/t scenery is too mixed to suggest a position!
Read the full report: EURJPY 09.05
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