-
EURJPY uncovers upside forces as it recoils to 100-MA
EURJPY has managed to unearth some bullish forces around the 100-day simple moving average (SMA) at 130.56, currently merging with the Ichimoku cloud’s lower boundary. The pair has succeeded in countering the strong fading of the pair from the near 40-month region of highs, which ticked down to the 130.00 handle. Nonetheless, the advancing SMAs are providing bullish defences for the broader uptrend. The Ichimoku lines are reflecting that downside pressure is subsiding, while the short-term oscillators are demonstrating mixed signals in directional momentum. The MACD has plunged below zero and has distanced itself ... (full story)