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EURJPY soars near 1-month peak; more gains expected
EURJPY is heading sharply higher over the last 4-hour session, approaching the one-month high of 126.80, first reached on April 15. The successful climb above the 20-simple moving average (SMA) and the red Tenkan-sen line give the opportunity to traders to think about potential bullish actions in the near term. The RSI is ready to touch the overbought level, while the MACD is on the way to surpass its trigger line. A close above 126.80 would boost bullish sentiment, shifting attention straight up to two-and half-month high of 127.50, identified on March 1. An aggressive rally above the latter could increase buying ... (full story)