Technical Analysis – EURJPY plots gains, conquers bearish SMAs

EURJPY is trailing the upper Bollinger band after the bounce off the 117.00 handle. Positive sentiment – also displayed in the short-term oscillators – has endured from the 42-month low of 114.423, extending the pair above the established, mostly bearish simple moving averages (SMAs). Although intact, the pair’s positive momentum appears to be under negative […]