Technical Analysis – EURJPY’s tumble takes a break, temporary halting losses

EURJPY seller’s second try only just conquered the 117.43 support, which is the 61.8% Fibonacci retracement of the up leg from 115.85 to 120.00. The pair adopted a brief side move after a sell-off bounced off that level. The flattened 200-period simple moving average (SMA) implies a stall in directional momentum. That said, the unfolding […]