(125,18) The EUR/JPY is confirming further consolidation while remaining interior the inside day with 126,10 – 123,70 still the levels to follow in the coming hours. Only a break above 126,10 confirmed by a daily closing will support further direct strength suggesting a retest of the previous high at 127,70 with a possible extension toward the m/t target at 128,53!! The indicators of the daily chart are however still below the line while those of the s/t ones are showing a mixed picture suggesting further consolidation with however a rather downside bias. In the hourly chart we have a potential negative reversal situation suggesting a possible target at 123,98. Only an hourly closing above 125,54 will abort this scenery probably re-launching the move up!! We wait for further confirmations.
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Future Trend Research