The EUR/JPY confirmed a further weak closing last night breaking even below the 103 level. We have support at 102,45 before the previous low at 100,76 that again could be tested.
The indicators of the daily chart are still well negative but those of the s/t ones are still above the line despite the weakness.
Only an hourly closing above 103,30 will however postpone further weakness favouring higher levels with the 200 hours line at 103,72 the first attraction.
We remain on the side line; we’re still missing strong signals!!
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FUTURE TREND RESEARCH