(121,75) The EUR/JPY confirmed another session of consolidation yesterday remaining interior Friday range as well as 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 support lower levels! Since some hours the cross is above the 200 hours line, now support at 121,62; while above this line we could see further strength suggesting a test of the 122,20 level with a probable direct extension toward the resistance area at 122,60. The indicators of the daily chart are still well negative but those of the s/t ones turned all above the line suggesting further upside potential; however only an hourly closing above 122,20 will confirm an extension of the corrective move up!! We stay on the sideline waiting for confirmations!
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