(117,50) The EUR/JPY already confirmed a test of the support line, now found at 117,30 where it could find some good s/t support. An hourly closing below the line will however cause further weakness suggesting a drop toward 115,50!! The daily closing last night was weak, well below the low of the previous session confirming a s/t top above 120 and therefore a deeper correction!! The indicators of the daily chart are still well negative and also those of the s/t ones are below the line supporting further weakness. We start seeing the formation of bullish divergences suggesting a change of the tone to negative. While below 118,40 on an hourly closing we expect lower levels!!
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Future Trend Research