EURJPY has been in a prolonged uptrend since early March, generating consecutive multi-year peaks. However, the pair has been consolidating in the last few daily sessions as its rally paused at the eight-year high of 148.39. The momentum indicators currently suggest that bullish forces are strengthening. Specifically, the RSI has crossed above its 50-neutral mark, while the stochastic […]
The post EURJPY Trades Sideways after Hitting 8-year High appeared first on Action Forex.
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