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EURJPY jumps to a fresh 15-year high
video EURJPY has been in a strong uptrend since the beginning of the year, posting a fresh 15-year high of 157.43 in today’s session. However, this rally appears to have reached overbought conditions, thus a potential downside correction might be on the cards. The momentum indicators currently suggest that bullish forces could be running out of juice. Specifically, both the RSI and the stochastic oscillator are flat within their overbought territories, hinting towards a rally exhaustion. Should bearish pressures emerge, the price could initially test the recent support of 154.05. Diving lower, the pair could ... (full story)