EURJPY Uptrend Continues But Carries Risks

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<p>EURJPY hits new highs, but still close to caution zone Next resistance could emerge near 163.00 EURJPY surged to 162.35 on Monday–the highest level since August 2008–surpassing the caution trendline zone, though marginally. The ongoing upleg seems secure, but the overbought signals from the RSI and stochastic oscillator raise the risk of a negative reversal. [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/527322-eurjpy-uptrend-continues-but-carries-risks/">EURJPY Uptrend Continues But Carries Risks</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>