Yesterday the EUR / JPY has approved a return to above 100 points.
In the short term, parity is out of its downtrend channel (black segments on the graph).
The price is still above its long-term downward slant (purple line down the chart).
Indicators are generally bearish.
We continue to advise treat only short positions that the course will be located under100.50.
A return of more than 100 points below will strengthen our bearish sentiment on parity.
A break out of the 99 points will then offer a new sell signal for an extension of thedownward movement in the direction of 98 or below if this level is broken.
In case of return of the course above the 100.50 points then we will wait for a break of 101 points up to advise to go / not to process more than the long positions on sex.
In the short term, parity is out of its downtrend channel (black segments on the graph).
The price is still above its long-term downward slant (purple line down the chart).
Indicators are generally bearish.
We continue to advise treat only short positions that the course will be located under100.50.
A return of more than 100 points below will strengthen our bearish sentiment on parity.
A break out of the 99 points will then offer a new sell signal for an extension of thedownward movement in the direction of 98 or below if this level is broken.
In case of return of the course above the 100.50 points then we will wait for a break of 101 points up to advise to go / not to process more than the long positions on sex.
