(130,05) The EUR/JPY confirmed a positive weekly and daily closing but it failed to confirm a strong one and to confirm the break above 130,05, resistance of the negative outside day!! Overall the cross is still interior the symmetrical triangle it is forming since some time. The indicators of the daily chart are now again positive and also those of the weekly one are above the line. The indicators of the s/t charts are also positive this morning suggesting some more upside potential. the rally above 130 started forming bearish divergences in the hourly chart suggesting a possible change of the tone. In the s/t only an hourly closing below 129,75 will postpone the move up favouring a return toward the 200 hours line, now found at 128,60!! We stay on the sideline.
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