Technical Analysis – EURJPY trapped between the 50- and 200-SMA; Bollinger bands strengthen the barriers
EURJPY is resting below the 100-day simple moving average (SMA) at 121.36 following the last week’s rally. This is slightly above the 121.30 level, which is the 38.2% Fibo of the down leg from the 123.35 high to a recently produced seven-month low of 120.04. The pair then found support again between 120.80, which is […]