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EURJPY hovers below 31-month high
EURJPY is strongly positive as it reached a fresh 31-month peak at 132.40 on April 29. The MACD is standing beyond the trigger and zero lines, though, the RSI is losing ground above the 50 level. The short-term simple moving averages (SMAs) are heading north, approaching the current market price. The short-run risk is looking neutral-to-positive at the moment and another retest of the 132.40 high is likely. Particularly, a decisive close above the aforementioned level might what the bulls are eagerly waiting for to rally towards the 133.47 level, registered in April 2018. Higher, the price may initially stall around ... (full story)