(133,15) The EUR/JPY is still well bid after last night’s strong closing supporting a firm test of the 133,84 top; only a break above this level confirmed by a daily closing will support further strength. Despite the bullish scenery suggested by the break above the symmetrical triangle we believe it’s a false break out and expect a return into the triangle and eventually a drop below 130!! The indicators of the daily chart are still well positive as well as those of the s/t ones where we have however overbought conditions!! We wait for a possible test higher to sell big time!!!!!!!!!!!!!!
Read the full report: EURJPY 09.11
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