(123,55) The EUR/JPY confirmed still a weak closing below Friday’s low and below the support of the inside day at 123,70, despite an important rebound. It still managed to hold a gap down, 124,21 – 123,97 that the market is however trying to close this morning!! The indicators of the daily chart are still well below the line in negative territory while those of the s/t ones are mixed this morning suggesting some further consolidation/ correction. Possible therefore a retest of the 200 hours line at 124,46, move that we expect to be corrective and a nice selling opportunity!! We suggest waiting for a little higher levels to sell!!
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Future Trend Research