(130.65) The EUR/JPY confirmed a negative closing on Friday while remaining interior the range of the previous day forming a new inside day with 133,00 – 129,85 the levels to follow in the coming hours. A daily closing below 129,85 will support a larger correction! The weekly closing was weak forming a negative outside week reversal. The indicators of the daily chart are now well negative but those of the weekly one remain above the line for now still showing overbought conditions. The indicators of the s/t charts are also negative this morning supporting further weakness. Bullish divergences confirm a negative tone in the hourly chart. We are going to sell a possible retest of the 200 hours line, now found at 131,84!!
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