(131,88) The EUR/JPY confirmed on Friday further consolidation interior big inside day with 135,10 – 132,20 still the levels to follow in the coming hours/ session. Today’s session started with a gap down in Europe and below the support of the inside day suggesting further weakness. The weekly closing was negative! The indicators of the daily chart are now negative as well as those of the weekly one supporting further weakness. The indicators of the s/t charts are also negative supporting lower levels. Bullish divergences confirm the negative tone. We stay on the sideline but for now expect further pressure toward 130,60, now very important support!!
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