EURJPY continues to dictate an improving picture as price triumphs above the Ichimoku cloud and the simple moving averages (SMAs). The advancing Ichimoku lines and positively charged SMAs endorse the prevailing uptrend regardless of the latest weakening in the pair. The short-term oscillators mirror the recent deterioration in positive momentum. The MACD, in the positive region, has dipped below its red trigger line, while the RSI deflected off the 70 level and nears the neutral threshold. Moreover, the stochastics hold a negative bearing. If the pair suffers further weakening, initial hindrance may come from the ... (full story)