{video}EURJPY has been on the rise again after a period of weakness in which the price dropped below its bullish channel established in June. The rebound has been largely attributed to the pair’s repeated inability to violate the 200-day simple moving average (SMA). Should buying pressures persist, the price may revisit the January high of 161.85. A break above that area could pave the way for the 15-year high of 164.28. Failing to halt there, the pair could storm higher to fresh multi-year peaks, where the October 2007 high of 167.72 could curb any upside attempts. On the flipside, if the price reverses lower, ... (full story)