(130,20) The EUR/JPY is still consolidating interior last Thursday’s negative outside day with 130,85 – 129,30 still the levels to follow in the coming hours/ sessions, despite a test of the 131 level! Only a daily closing below 129,40 will resume the decline! The indicators of the daily chart are still well negative but those of the s/t ones are showing a still mixed picture suggesting further consolidation. Bearish divergences confirm a positive tone; however before eventually moving higher we expect another test on the downside with the 200 hours line at 129,63 the possible attraction. An hourly closing below 130,00 will confirm lower levels. We got stopped out in a stupid market; probably it’s wiser to avoid any position
Read the full report: EURJPY 08.20
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