(121,67) The EUR/JPY confirmed a session of consolidation remaining interior the previous day’s range forming a new inside day with 124,00 – 120,00 the levels to follow in the coming hours. A daily closing below 120 will support a larger correction! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation/ correction. An hourly closing above 121,90 could extend the corrective move up suggesting a test of the 200 hours line at 122,81. We suggest waiting for higher levels to sell!!
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Future Trend Research