EURJPY Retraces Higher as 200-day Holds Ground

<p><img width="612" height="459" src="https://www.actionforex.com/wp-content/uploads/2019/04/f-eur-jpy10.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2019/04/f-eur-jpy10.jpg 612w, https://www.actionforex.com/wp-content/uploads/2019/04/f-eur-jpy10-600×450.jpg 600w, https://www.actionforex.com/wp-content/uploads/2019/04/f-eur-jpy10-80×60.jpg 80w, https://www.actionforex.com/wp-content/uploads/2019/04/f-eur-jpy10-265×198.jpg 265w, https://www.actionforex.com/wp-content/uploads/2019/04/f-eur-jpy10-560×420.jpg 560w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>EURJPY falls sharply but the 200-day SMA acts as a strong floor Repeated failure to violate the latter triggers an upward spike Momentum indicators improve, but remain in negative zones EURJPY had been experiencing a steep pullback from its recent 15-year peak of 164.28, which ceased at the crucial 200-day simple moving average (SMA). In today’s session, [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/532440-eurjpy-retraces-higher-as-200-day-holds-ground/">EURJPY Retraces Higher as 200-day Holds Ground</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>