(131,43) The EUR/JPY is confirming further consolidation interior the inside day with 133,00 – 129,85 still the levels to follow in the coming hours. Only a daily closing below 129,85 will support a larger correction suggesting a drop toward the support line still at 126,30! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Only a move above 132,15 confirmed by an hourly closing will postpone further weakness favouring a retest of levels above 133. However, while below the resistance the risk is supporting a break below 130!! We sold some at 131,90 and stay short with a stop at 132,25!!
Click here to read the full report: EURJPY 05.29
Future Trend