(124,50) The EUR/JPY confirmed a positive closing on Friday remaining interior the range of the previous day forming a new inside day with 124,85 – 122,15 the levels to follow in the coming hours. A daily closing above 124,85 could support higher levels!! The weekly closing was negative. The indicators of the daily chart are still well negative however showing potential positive reversals; those of the weekly one are positive but still overbought. The indicators of the s/t charts are positive this morning after the overnight’s rally that already favoured a 125 overshooting. The indicators of the hourly chart went already overbought showing potential negative reversals. While below the 200 hours line at 124,55 on an hourly closing we favour a return below 124, closing the gap up it formed at the European opening!! The high on Friday was 123,78!!
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Future Trend Research