(133,08) The EUR/JPY failed to confirm the break below the support of the big inside day at 132,20 despite a 131,40 undershooting. The monthly closing was strong above the tops of the last few months! The indicators of the daily chart closed above the line last night and also those of the monthly chart are still well positive however close to the overbought area while showing potential negative reversals. The indicators of the s/t charts are mixed this morning suggesting some consolidation. However, those of the hourly chart are showing potential negative reversals that could keep some pressure on this cross. Only an hourly closing above 134,00 will support a resumption of the move up!! We stay on the sideline.
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