(132,50) The EUR/JPY confirmed a weak closing confirming therefore also the small negative day reversal of the previous session. However only a daily closing below 131,73 will confirm a top supporting lower levels probably below 130!! The indicators of the daily chart are still well positive while those of the s/t ones are showing a mixed picture this morning suggesting further consolidation. The faster RSI is showing a negative scenery, however not confirmed by the slower one. Nevertheless we favour another test on the downside for a retest of yesterday’s low!! Only a return above 133,10 will resume the move up supporting a retest of the 133,80 area. We stay on the sideline.
Read the full report: EURJPY 09.13
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