EURJPY stretched its bearish wave into the new year, tumbling to a three-month low of 138.20 on Tuesday. Previously, the support trendline drawn from March lows turned into resistance, squeezing the price below the 200-day simple moving average (SMA). While the RSI and the stochastics have yet to confirm oversold conditions, the lower boundary of […]
The post EURJPY Hits 3-month Low, But Key Support Area Nearby appeared first on Action Forex.
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