(122,10) The EUR/JPY confirmed a negative closing while remaining interior the range of the previous session forming therefore a new inside day with 124,65 – 121,90 the levels to follow in the coming hours. A daily closing below the support will cause further weakness suggesting a 120 undershooting!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness. The drop we’re seeing confirmed the suggested negative reversal suggesting a s/t target at 121,07, but overall we favour a direct extension toward the support line at 119,80!! We stay on the sideline but suggest staying short!!
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Future Trend Research