The EUR/JPY confirmed a strong closing confirming therefore also Friday’s small positive day reversal. Only a further closing above 104,55 will however support higher levels turning also positive the indicators of the daily chat.
The indicators of the daily chart are in fact still below the line but positive in the s/t ones where we start to see even bearish divergences in the hourly chart supporting a positive tone.
Possible corrections should now find support at the 200 hours line at 103,57 before the strong 103,20 area.
We suggest waiting for a decent correction to buy this cross for a 105 overshooting!!
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