(130,80) The EUR/JPY confirmed yesterday further consolidation interior last week’s negative outside day with 130,85 – 129,30 still the levels to follow in the coming hours/ sessions. The closing was however positive after a test of the support but only a daily closing above 130,85 will support higher levels. The indicators of the daily chart are now turning above the line and also those of the s/t ones are in positive territory supporting higher levels. Fresh bearish divergences still confirm a positive tone. The recover after the drop toward 129,30 confirmed a positive reversal suggesting a s/t target at 131,58!! We remain on the sideline.
Read the full report: EURJPY 08.21
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