EURJPY Downslide Accelerates, Eyes 117 Level

<p>EURJPY has reversed sharply lower, having rallied above the 61.8% Fibonacci retracement level of the January-March downtrend only a week ago. The sell-off continues today, with prices tumbling below the 23.6% Fibonacci of 117.71. According to momentum indicators, the selling pressure is likely to persist in the near term as the RSI is trending lower […]</p>
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