EURJPY fails to rise above 200-day SMA

From xm.com

video EURJPY has been under selling pressure after its latest advance got rejected at the 145.56 territory in early March. Even though the pair managed to halt its retreat and attempt a rebound, its 200-day simple moving average (SMA) has repeatedly curbed the upside. The momentum indicators currently suggest that near-term risks are tilted to the downside. Specifically, the RSI is ticking upwards but remains below its 50-neutral mark, while the MACD histogram is below both zero and its red signal line. If the pair extends its decline, the 140.15 support could act as the first line of defence. Sliding beneath that ... (full story)