(134,10) The EUR/JPY confirmed on Friday a session of consolidation remaining however still well bid above 134! We have now 135,10 – 132,20 the levels to follow in the coming hours/ session. The weekly closing was instead strong above the 133,84 key level supporting further strength. The indicators of the daily chart are still well positive but still not yet those of the weekly one; a closing above 135 is needed to turn them up! The indicators of the s/t charts are mixed supporting further consolidation/ correction. The rally toward 135 failed to form bearish divergences suggesting it was just an overshooting. An hourly closing below 134,00 will support a deeper correction toward 133,40. We suggest waiting for an extension of the correction to buy!
Read the full report: EURJPY 09.23
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