(127,63) The EUR/JPY confirmed a weak closing last night before plunging further toward 125 where it found decent support favouring an important rebound. Possible a retest of the 200 hours line at 128,37 where we expect however good resistance and from where we should be able to see again lower levels for a retest of last night’s low!! The indicators of the daily chart closed below the line last night but are now already recovering above the line. Those of the s/t ones are instead mixed supporting some consolidation/ correction. The move up we’re seeing this morning is corrective and a s/t selling opportunity especially above 128!!
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Future Trend Research