(125,75)The EUR/JPY confirmed a negative closing but it failed to confirm the previous day’s negative day reversal. While below the 127 level on a daily closing we still expect lower levels but only a break below 123,40 will confirm lower levels!! The indicators of the daily chart are still well negative while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. An hourly closing below 124,75 will favour a retest of the 123,40 key level!! Only a move above 127,00 will abort this scenery re-launching the move up!!
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Future Trend Research