{video}EURJPY stepped on the short-term ascending trendline, as it halted last week’s pullback from the new eight-year high of 145.62. With the price trading comfortably above its upward-sloping simple moving averages (SMAs) and the momentum indicators hovering within the bullish territory despite their flat trajectory, upside moves are more likely than downside ones. Specifically, the RSI is a long distance above its 50 neutral mark, while the MACD is well elevated within the positive zone and near its red signal line. A durable move above June’s tough ceiling of 144.26 could be the key for an acceleration towards ... (full story)