Technical Analysis – EURJPY rebounds from 2½-year low, but picture still negative

EURJPY hit a new 2½-year low earlier this week at 116.55 but found fresh buy orders and recovered a small portion of its losses. That said, the broader outlook remains negative as the price structure still consists of lower highs and lower lows, while the pair is also trading well below its 50- and 100-day […]