(133,07) The EUR/JPY is on the way to test the 133,40 area with a possible extension toward 133,84, May’s top. A daily closing above this last level will open the way for a move toward 140! The indicators of the daily chart are well positive but still not yet those of the weekly one. The indicators of the s/t charts are also positive. The move above 133 aborted the small, not too strong, negative signals we were suggesting. However only an hourly closing above 133,38 will confirm higher levels. The s/t scenery is not yet fully positive but much more than yesterday; possible therefore higher levels at least toward 133,80! We stay on the sideline.
Read the full report: EURJPY 09.19
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