The EUR/JPY confirmed again a negative closing, however remaining more or less at the same level despite an undershooting yesterday below the previous low at 103,40.
The indicators of the daily chart are still well negative but those of the s/t ones are today above the line suggesting some upside potential, especially while above 103,65 on an hourly closing. A break below this level will again resume the decline.
Only an hourly closing above 104,35 will instead support higher levels with the 200 hours line at 104,54 the first attraction while the potential is therefore for a direct 105 overshooting!!
We stay on the sideline waiting for stronger signals!!
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