(130,30) The EUR/JPY confirmed on Friday a strong closing above the resistance of the inside day at 129,85 supporting further strength. Possible a retest of the previous top at 131,14 with a possible direct extension toward the m/t target at 133,85!! The indicators of the daily chart are still well positive as well as those of the weekly one where the cross also confirm a positive closing!! The indicators of the s/t charts are also positive this morning suggesting further upside potential. However, in the hourly chart we have still a potential negative reversal situation with however a much less powerful downside potential as before!! We stay on the sideline for now but expect a retest of the 131 area.
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Future Trend Research