EURJPY quickly recovered Friday’s sharp pullback, but it could not close above the tough 147.00 ceiling, which has been restraining bullish movements for almost a week now. Strikingly, the resistance line drawn from August 2020 is also positioned in the same area. The RSI and the stochastics have fallen from overbought levels, reflecting a weakening bias. […]
The post EURJPY Trapped Below 147.00; Bias Cautiously Bullish appeared first on Action Forex.
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