The EUR/JPY confirmed a weak closing below the support of the inside day breaking already below the 105 level.
The indicators of the daily chart are now turning below the line suggesting further downside risk while those of the s/t ones are of course also negative supporting lower levels. Bullish divergences in the hourly chart confirm a negative tone. Possible move up will therefore be corrective and selling opportunities.
Overall we expect good support in the 104,80/70 area before 103,80.
We tried a small long position here at 104,95, probably just for a rebound.
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