Technical Analysis – EUR/JPY still in a positively sloped channel
EUR/JPY still in a positively sloped channel; bullish correction in progress. EUR/JPY is trading slightly below the 50% Fibonacci retracement level of the down leg from 133.10 to 118.57, around 125.85, surpassing the bullish crossover of the 20- and 40-simple moving averages in the 4-hour chart. The pair have been struggling in an upward sloping channel
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