Technical Analysis – EURJPY loses ground in ascending triangle pattern; new 2-week low
EURJPY has been plunging over the last couple of days, recording a fresh almost two-week low near 121.33 earlier today. The bearish cross within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart is increasing speculation for more downside risks. The RSI is heading towards the oversold territory, while the MACD is strengthening […]