(132,81) The EUR/JPY confirmed a weak closing well below the low of the negative day reversal it formed the day before. However, today’s session started with another move up that is already testing the resistance area of the 200 hours line at 132,92 before the resistance line at 133,09! The indicators of the daily chart are still below the line for now but those of the s/t ones are in positive territory showing however potential negative reversals that should limit further strength. We believe therefore the cross could resume the decline from the present levels or just above of it!! Only an hourly closing above 133,50 will support a resumption of the move up confirming a double bottom formation at 131,50!! We stay on the sideline.
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