(127,65) The EUR/JPY confirmed a weak closing well below the low of the previous session as well as below the support of the inside day supporting further weakness toward the key level at 124,95!!Only a daily closing below this last level will confirm a top supporting a return toward the 120 are if not even lower!! The indicators of the daily chart are now negative but those of the weekly one remain well above the line despite a negative week reversal. The indicators of the s/t charts are mixed this morning but bullish divergences in the hourly chart support a negative tone. Possible rebounds are selling opportunities!! We suggest waiting for higher levels to sell but only close to the 200 hours line, now found at 128,94!!
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