(132,15) The EUR/JPY confirmed a negative closing on Friday but the weekly one was positive. The indicators of the daily chart are still well positive but those of the weekly one are instead still below the line keeping a mixed picture in the m/t charts. The indicators of the s/t charts also still showing a mixed picture suggesting further consolidation. While above the 200 hours line at 131,95 the cross will however keep some upside potential even if the faster RSI is still showing potential negative reversals, but still not confirmed by the slower one. Only a return above 132,70 will resume the move up supporting a retest of the 133,80 area. We stay on the sideline.
Read the full report: EURJPY 09.16
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