(131,13) The EUR/JPY confirmed a strong closing by climbing above 131 suggesting further possible strength toward 132. The indicators of the daily chart are now above the line and also those of the s/t charts are positive supporting further strength. Bearish divergences in the hourly hart start showing a possible change of the tone despite negative reversals. In the s/t only an hourly closing below 130,85 will support a deeper correction suggesting a return toward the 130,50 now again support area. Chances for a correction are there with however more upside danger.
Read the full report: EURJPY 09.03
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