(129,80) The EUR/JPY formed on Friday a positive day reversal but only a daily closing tonight above 129,21 will confirm a s/t bottom. The weekly closing was instead weak well below the negative outside week it formed a few weeks ago!! The indicators of the daily chart are still well negative but not yet those of the weekly one. The indicators of the s/t charts are instead positive this morning supporting further strength. Possible therefore a test of the 200 hours line at 130,23 with even a possible overshooting. We wait for higher levels to sell!!
Read the full report: EURJPY 06.10
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