(129.87) The EUR/JPY formed a negative outside day yesterday suggesting with the closing below 130 further downside risk. We have now 131,55 – 129,50 the levels to follow in the coming hours!
Still only a daily closing below 129,50 will support lower levels!! The indicators of the daily chart are still well negative and at the moment also those of the s/t ones are still in negative territory supporting further weakness. Bullish divergences also still confirm a negative tone suggesting a s/t target at 129,12!! Only a move above 131,45 confirmed by an hourly closing will postpone further weakness.
Read the full report: EURJPY 06.06
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