The EUR/JPY confirmed a session of consolidation forming a new inside day with 104,65 – 102,65 the levels to follow in the coming hours/ session.
The indicators of the daily chart are still in negative territory while those of the s/t ones are mixed this morning supporting further consolidation. An hourly closing below 103,40 will suggesting a possible retest of the previous low. However, having formed bearish divergences in the hourly chart we favour a positive tone and believe the decline could just be corrective and a buying opportunity.
We wait for further confirmations.
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