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EURJPY hits fresh 2-month high as rebound strengthens
video EURJPY has been in a downtrend since mid-October when the price peaked at the eight-year high of 148.39. In the short-term, however, the pair has staged a moderate rebound despite the completion of a death cross between its 50- and 200-day simple moving averages (SMAs). The momentum indicators currently suggest that bullish forces are intensifying. Specifically, the RSI is ticking upwards in the positive zone, while the MACD histogram is strengthening above both zero and its red signal line. If buying pressures persist, the price could extend its advance towards the September peak of 145.62. Jumping above that ... (full story)