(132,30) The EUR/JPY confirmed a positive closing but it failed to confirm the move above 133 finding good resistance around the resistance line, today found at 132,95. While below this line we expect a possible drop, even an important one! The indicators of the daily chart are still well below the line for now and this morning also those of the s/t ones are in negative territory supporting further weakness. While below the 200 hours line at 132,69 we expect this cross to retest the 131,40 area with a possible extension lower toward a s/t target at 131,16!! Only an hourly closing above 133,25 will support a resumption of the move up! We stay on the sideline.
Read the full report: EURJPY 10.04
Future Trend