{video}EURJPY has been in a steep uptrend since early April, generating a structure of consecutive multi-year highs. In the previous daily session, the pair posted a fresh 14½-year peak of 151.60 before paring some gains. The momentum indicators currently suggest that a downside correction may be on the cards. Specifically, both the RSI and the stochastic oscillator declined below their overbought territories, hinting that the recent rally had been overstretched. To the downside, bearish actions could send the price to test the October 2022 high of 148.39, which could act as support in the future. If that barricade ... (full story)