The EUR/JPY already formed a positive day reversal but only a daily closing tonight above 106,00 will confirm a s/t bottom supporting a recover.
The indicators of the daily chart closed in positive territory, while those of the s/t ones are mixed this morning supporting further consolidation/ correction. While above 105,25 we expect another test of the 106,00 level with a possible overshooting allowing an extension of the correction toward the resistance line at 106,40 while the real attraction is the 200 hours line at 107,00.
We suggest remaining long this cross for a possible 106,40 overshooting.
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FUTURE TREND RESEARCH