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EURJPY finds footing but buyers not out of the woods yet

From xm.com

{video} EURJPY is recovering from its spike below the 133.00 mark, where the rising 100-day simple moving average (SMA) underpinned the price, following one-month of declines from the multi-year peak of 140.00. Despite the recent retracement in the pair, the ascending SMAs are endorsing the positive outlook. The Ichimoku lines indicate that negative forces have softened, while the short-term oscillators are conveying mixed messages in directional momentum. The MACD remains beneath its red trigger line and is promoting negative impetus. However, the climbing RSI and the positively charged stochastic oscillator are ... (full story)

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  • Category: Technical Analysis