EURJPY’s Ascent Salvaged By Bounce On 200-Day SMA

<p>EURJPY is currently tackling the mid-Bollinger band at 120.90 after a rebound off the 200-day simple moving average (SMA). The deep retracement from the 13-month peak of 124.42 reached the 200-day SMA at the 119.43 level, which happens to be the 50.0% Fibonacci retracement of the up leg from 114.42 to 124.42. Looking at the [&#8230;]</p>
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