EURJPY reached a fresh three-month low of 122.16 on Wednesday, continuing the sell-off in the short-and medium-term timeframes. The RSI indicator is ticking lower in the negative territory, while the MACD oscillator is flattening below its trigger and zero lines. Also, the 20- and 40-period simple moving averages (SMAs) are sloping down, confirming the recent bearish structure. Immediate support could come from the three-month trough of 122.16 before meeting the 121.95 barrier, taken from the inside swing high on July [..]
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