(131,25) The EUR/JPY is still consolidating interior a symmetrical triangle in the daily chart. Friday’s closing was weak, well below the low of the previous session; the weekly one was positive however remaining interior the inside week with 132,55 – 129,25 still the levels! The indicators of the daily chart closed below the line and also those of the weekly one are in negative territory. The indicators of the s/t charts are this morning above the line but showing a mixed picture. The rebound from 129,90 is showing potential negative reversal suggesting a s/t target at 129,80. A move above 131,90 will abort this scenery re-launching the move up!! The s/t scenery is still too mixed to suggest a position!
Read the full report: EURJPY 09.09
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