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EURJPY recovers from mild pullback
EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Despite experiencing a pullback in the past week, the pair found its feet and rotated back higher towards its recently registered three-month peak. Given that both the RSI and MACD are within their positive zones, the price may revisit its 2024 high of 163.70. Should that barricade fail, the spotlight could turn to the 15-year peak of 164.28. A break above that area could propel the price towards fresh multi-year highs, where the October 2007 resistance of 167.72 could curb its upside. Alternatively, should the ... (full story)