(124,42) The EUR/JPY confirmed a firm correction while remaining however still interior Friday’s rang forming a new inside day with 127,10 – 124,30 the levels to follow in the coming hours. A daily closing below 124,30willsupport further dire weakness suggesting drop toward 12,50 if not even 120,70! The indicators of the daily chart are already below the line this morning and also those of the s/t ones are in negative territory supporting lower levels!! While below 125,05 on an hourly closing we expect a direct move toward the 200 hours line now found at 123,31!! We stay on the sideline but still expect lower levels.
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Future Trend Research