EURJPY has been underperforming in the past two days, testing the red Tenkan-sen line. When looking at the bigger picture the pair has been in a clear bullish tendency since May 6. On the daily chart, prices bounced off the 16-month high of 125.60 but based on the technical indicators, momentum is weakening for a further move higher. The RSI indicator is flattening in the positive region, while the MACD slipped beneath the trigger line above the zero level. If [..]
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