(119,34) The EUR/JPY formed on Friday a small negative day reversal but only a daily closing tonight below 119,35 will confirm a s/t top supporting a deeper correction. The weekly closing was instead still strong! The indicators of the daily chart moved again below the line and also those of the s/t ones are in negative territory supporting further consolidation/ correction. The indicators of the weekly one are instead still well positive but overbought and showing potential negative reversals!! While below 120,30 we expect a deeper correction with the 200 hours line at 118,20 the probable attraction. We stay on the sideline.
Click here to read the full report: EURJPY 01.21
Future Trend Research