(132,29) The EUR/JPY confirmed a negative closing but just one pip below Friday’s one managing to remain above 131,60. The indicators of the daily chart are still well positive while those of the s/t ones are showing a mixed picture suggesting further consolidation. Still, while above the 200 hours line at 132,03 we have to expect further strength for this cross even if the faster RSI is still showing potential negative reversals, now also suggested 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 but favour lower levels.
Read the full report: EURJPY 09.17
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