Technical Analysis – EURJPY rescued by Ichimoku cloud, positive course on track

EURJPY is tackling the fresh near 16-month high of 126.20 after a recent bounce on the cloud’s upper surface, repowered the positive incline. The Ichimoku lines currently reflect a pause in the ascent while the rising simple moving averages (SMAs) command a clear bullish bearing. Glancing at the short-term oscillators, they too reflect some stalling […]