(132,12) The EUR/JPY confirmed a strong closing above Friday’s top but it failed yet to move above the s/t key level at 132,45. Nevertheless the pressure is now on the upside. The indicators of the daily chart turned again positive and also those of the s/t ones are above the line this morning suggesting further upside potential. An hourly closing above 132,30 will already support higher levels while only an hourly closing below 131,90 will postpone further strength favouring a return toward the 200 hours line at 130,93!! The s/t scenery is still too mixed to suggest a position!
Read the full report: EURJPY 09.10
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