Technical Analysis – EURJPY moves sideways around 120.00 mark; cautiously positive

EURJPY looks to be undecided over the last two weeks, following the decline from the high of 121.46. Furthermore, momentum seems to have evaporated, something also backed by the 40- and 100-period simple moving averages (SMAs), which are turning slightly sideways. The short-term oscillators, although suggest a dry up in directional momentum, are reflecting a […]