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EURJPY Retreats Below 50-day SMA
EURJPY has been in a prolonged uptrend since early March, generating consecutive multi-year peaks. However, the pair has been losing ground in the short term after its rally paused at the eight-year high of 148.39. The momentum indicators currently suggest that bearish forces are strengthening. Specifically, the RSI has crossed below its 50-neutral mark, while the MACD histogram […] The post EURJPY Retreats Below 50-day SMA appeared first on Action Forex...
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Posted: Nov 29 2022, 08:52
Author Name: actionforex
Views: 111626