(100,15) The EUR/JPY confirmed a session of consolidation interior the previous session’s range forming an inside day with 100,85 – 99,15 the levels to follow. It failed therefore to directly confirm the positive day reversal. Only a daily closing above 100,85 will support higher levels. The indicators of the daily chart are still well positive while those of the s/t ones are still showing a mixed picture. Only an hourly closing above 100,73 will support an extension of the move up aborting the small negative reversal the cross is still showing up in the hourly chart. We got stopped out and for the moment prefer remaining on the sideline.
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FUTURE TREND RESEARCH