EUR/JPY Technical Analysis

(129,58) The EUR/JPY failed also yesterday to extend the move up closing below the low of the previous session. Possible a test on the downside in the coming hours toward the support line at 128,20!! The indicators of the daily chart are however still well positive but those of the s/t ones are still showing a mixed picture suggesting further consolidation. Still possible an extension of the correction toward the 200 hours line, now found at 128,72. An hourly closing above 130,00 will however resume the move up suggesting a new s/t target at 131,27!! We stay on the sideline waiting for stronger signals!!

Click here to read the full report: EURJPY 05.08

 

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