EURJPY has been experiencing a sharp drop after its latest advance came to a halt at the eight-year high of 145.62. However, in the last couple of sessions, the pair has managed to stop its bleeding as the 50-day simple moving average (SMA) has been acting as a strong floor. The short-term oscillators currently suggest […]
The post EURJPY Battles With 50-Day SMA as Decline Halts appeared first on Action Forex.
Daily Pivots: (S1) 0.8642; (P) 0.8653; (R1) 0.8665; More… Intraday bias in EUR/GBP remains on the downside for 0.8611 support. Firm break there will resume the whole fall from 0.8863, and target 100% projection of Read more…
Daily Pivots: (S1) 211.64; (P) 212.03; (R1) 212.46; More… GBP/JPY’s rebound from 207.20 resumed by breaking through 212.10 and intraday bias is back on the upside for retesting 214.98 high. Firm break there will resume Read more…
Daily Pivots: (S1) 183.10; (P) 183.45; (R1) 183.84; More… Intraday bias in EUR/JPY remains neutral first. On the upside, above 184.75 will resume the rebound from 180.78 to retest 186.86 high. Firm break there will Read more…