EURJPY appears somewhat optimistic despite the recent consolidation in price above the 200-period simple moving average (SMA). Positive signals include the price having moved above the SMAs and the Ichimoku cloud, while the Ichimoku lines stall their positive tone. Furthermore, a nearing bullish crossover of the 100-period SMA by the 50-period one could boost positive sentiment too. Additionally, the oscillators are leaning slightly towards a positive outcome in the short-term, despite paused positive momentum. The MACD, in the positive region, [..]
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