(132,90) The EUR/JPY confirmed a further weak closing yesterday but overall the cross is still interior the inside day with 135,10 – 132,20 the levels to follow in the coming hours/ session. The indicators of the daily chart are still well positive but those of the s/t ones turned below the line supporting some consolidation/ correction. Bullish divergences in the hourly chart support a negative tone. On top of that the cross is below the 200 hours line, now resistance at 133,08; while below this line we expect a move toward 132,00/131,70! We stay on the sideline
Read the full report: EURJPY 09.25
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