(121,26) The EUR/JPY confirmed a session of consolidation yesterday remaining of course interior the larger inside day with 118,60 – 125,50 still the levels to follow in the coming hours/ sessions. Still only a daily closing below 118,60 will confirm further weakness! The 200 hours line, now at 121,78, capped the all the rallies for now. An hourly closing below 121,10 will favour further weakness suggesting a move toward the s/s support line at 120,25. The indicators of the daily chart are still well negative while those of the s/t ones are mixed supporting further consolidation/ correction. Still only an a move above 122,20 will postpone the decline causing further strength, that we still see limited!! We stay on the sideline!
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Future Trend Research