(129,50) The EUR/JPY confirmed already a test below the 130 level after the strong closing last night, already above the 129 level. Europe is starting the session with a new gap up of about 70 pips in a well overbought environment!! The slope of the move up is also not sustainable!! The indicators of the daily chart are well positive as well as those of the weekly one where we start to see the formation of bearish divergences suggesting further strength. The indicators of the s/t charts are also positive but showing well overbought conditions. The move above 127,70 opened the way for a move toward the 133,85, now the new m/t target!
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