Technical Analysis – EURJPY’s ascent retraces, loading for another run up
EURJPY despite the recent pullback in price maintains its bullish bias above the simple moving averages (SMAs) and the Ichimoku cloud. The current horizontal Ichimoku lines reflect a pause in price appreciation, while the short-term oscillators suggest some weakening in positive sentiment. The MACD in the positive region has flattened above its red signal line, […]