Technical Analysis – EURJPY gathers bullish momentum; needs to clear 118.65
EURJPY refused to return to the 117.00 area, reversing up instead to recoup the lost ground from the 118.50 peak on Tuesday. Technically, the short-term risk is currently looking positive as the price is trading above its 20- and 50-day simple moving averages (SMAs), while in momentum indicators, the RSI and the MACD are encouraging too as the former […]