EURJPY had a bearish start on Wednesday, approaching the mid-level of the Bollinger Band (20-simple moving average) in the 4-hour chart, after the pullback on the three-week high of 123.15. The RSI and the MACD are suggesting a possible overstretched market as both are returning lower. The MACD is heading below the trigger line in the positive territory, while the RSI is pointing down below 70 level. In case the pair continues its short-term direction to the downside, the bears will probably challenge the [..]
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