Technical Analysis – EURJPY rests near 121.00; is in negative correction

EURJPY created a spike above the 20-day simple moving average (SMA), but the bias remains bearish in the short-term, as the price is trading well below the 13-month peak of 124.42. Further backing this short-term view are the Ichimoku lines and the 20-day SMA, which is reversing down. However, for now the technical oscillators reflect […]