(122,60) The EUR/JPY failed as well to confirm the small negative day reversal confirming instead a positive closing that could already resume the move up. The indicators of the daily chart are again above the line and this morning also those of the s/t ones are in positive territory supporting further possible strength. The move up since the low at 121,22 confirmed also a positive day reversal suggesting a new s/t target at 125,21! Only a move below 121,20 will postpone further strength supporting a deeper correction!! The s/t scenery has turned again positive even if the faster RSI is showing a potential negative reversal with however a limited downside potential!!
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Future Trend Research