EURJPY edges higher after 50-day SMA prevents decline Jumps back within its bullish channel in place since June Momentum indicators turn positive EURJPY had been sliding lower in the short term, following its rejection at 161.85 in late January. Nevertheless, the pair managed to quickly recoup most of its losses after the 50-day simple moving average (SMA) […]
The post EURJPY Re-enters Bullish Channel appeared first on Action Forex.
Daily Pivots: (S1) 0.8627; (P) 0.8640; (R1) 0.8652; More… EUR/GBP is still bounded in sideway trading and intraday bias stays neutral. Further decline is expected as long as 55 D EMA (now at 0.8686) holds. Read more…
Daily Pivots: (S1) 1.6230; (P) 1.6275; (R1) 1.6351; More… EUR/AUD is still bounded in established range above 1.6125 and intraday bias stays neutral. Further decline is expected with 1.6594 resistance intact. Firm break of 1.6125 Read more…
Daily Pivots: (S1) 0.9055; (P) 0.9080; (R1) 0.9108; More…. EUR/CHF breached 0.9092 support turned resistance but failed to sustain above it. Intraday bias stays neutral first and further decline is still mildly in favor. On Read more…