The EUR/JPY is still confirming further consolidation interior the inside day with 109,35 – 106,35 still the levels to follow in the coming hours. A break of the support will cause further weakness turning negative the indicators. The weekly closing was positive but not strong!
The indicators of the daily chart are well positive but those of the weekly one remain still below the line however close to it. The indicators of the s/t charts are also negative this morning suggesting further consolidation/ correction. However while above the 200 hours line at 107,45 we still believe in some more upside potential. Only a break above 108,30 will however confirm higher levels!!
While waiting for stronger signals we suggest following the inside day!!
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FUTURE TREND RESEARCH