(131,02) The EUR/JPY failed again to extend its move up forming instead a negative day reversal. Only a daily closing below 131,00 will confirm a s/t top supporting lower levels and a possible return below 130!! The indicators of the daily chart are however still in positive territory but those of the s/t ones are below the line this morning supporting further consolidation/ correction. The decline should find good support at the 200 hours line at 130,70 before the important support line at 129,30! The s/t scenery is still too mixed to suggest a position!
Read the full report: EURJPY 09.06
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