The EUR/JPY confirmed a negative weekly closing while remaining however interior the range of the previous week. We have therefore 106,05 – 102,65 the levels to follow in the coming hours/ sessions. The indicators of the daily chart are still in negative territory as well as those of the weekly one supporting further weakness. Those of the s/t ones are this morning below the line still showing some pressure on this cross. Only an hourly closing above 104,45 will postpone the weakness favouring higher levels suggesting a test of the 105,50 area.
We stay on the sideline while waiting for stronger signals!!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/12/EUR-JPY-12.12.11.pdf
FUTURE TREND RESEARCH