(130,18) The EUR/JPY confirmed a strong closing last night already above the 130 level suggesting further upside potential. Nevertheless before moving higher we expect a firm retest of the 127,50 area!! The indicators of the daily chart are well positive while those of the s/t ones are still showing a mixed picture however with a positive bias. In the s/t we may therefore see further consolidation; only an hourly closing below 129,50 will postpone the move up favouring a deeper correction with the 200 hours line at 124,71 the attraction!! It’s too high but the markets is still bidding it higher
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Future Trend Research