(122,35) The EUR/JPY confirmed another very strong closing in the daily chart as well as in the weekly one suggesting further upside potential. the US market still kept a gap up area! The indicators of the daily chart closed just above the line with further bearish divergences confirming the positive tone; those of the weekly one are also well positive but also well overbought and showing potential negative reversals!! The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 122,15 will however favour lower levels suggesting a retest of the 121,60 area while the real attraction is still the 200 hours line, now found at 119,46! We believe the upside should be limited looking instead for a correction suggesting a retest of th 120 area!!
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Future Trend Research