EURJPY has been in the green every single day since the plunge to an almost three-month low of 133.39 and the creation of a bullish hammer candlestick last week, rising gradually up to 137.91 on Monday. The short bullish sequence, however, has not shifted the bias clearly on the positive side yet, as the RSI remains below its 50 neutral mark and the MACD is still trying to overcome its red signal line in the negative area. The 20-day simple moving average (SMA) is currently viewed as the primary threat to the recovery at 138.20. If it successfully rejects the bulls, pressing the price below 137.00, the spotlight will ... (full story)