(126,66) The EUR/JPY confirmed a positive closing just above the neck line at 126,29 while however remaining interior Friday’s range forming a new inside day with 128,25 – 125,05 the levels to follow in the coming hours! The indicators of the daily chart are still well negative but those of the s/t charts are above the line this morning suggesting some upside potential. The possible move up should still be corrective and therefore a selling opportunity! Only an hurly closing above 128,15 will postpone further weakness suggesting even a possible 130 overshooting. Only a move above 131,30 will instead abort the S_H_S formation!! We wait for higher levels to sell!!
Read the full report: EURJPY 06.18
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