(127,20) The EUR/JPY failed to confirm a deeper correction turning instead higher forming a positive outside day with now 127,35 – 123,90 the levels to follow in the coming hours. A daily closing above 127,35 will suggest a direct extension toward the 130 area!! The indicators of the daily chart are again above the line this morning and of course also those of the s/t ones are in positive territory supporting further strength. The move up confirmed also a new positive reversal suggesting a s/t target at 132,19!! Only a move below 124,00 will postpone this scenery favouring a deeper correction. We are surprised by the early resumption of the move up!! We stay on the sideline.
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Future Trend Research