(118,87) The EUR/JPY confirmed another strong closing also yesterday after a 120 overshooting where it found good resistance. Only a daily closing tonight below 118,89 will support a correction! The indicators of the daily chart are still well positive as well as heavy overbought and showing potential negative reversals. The indicators of the s/t chart are already returning below the line supporting a deeper correction. Also here the cross confirmed a small S_H_S with the neck line, now resistance at 119,35; while below this level we expect further weakness with the 200 hours line at 115,90 the possible attraction. We expect lower levels.
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Future Trend Research