Last Updated Date: 14 February 2022 @ 12:04 PM (UTC)
*Please note that all the dates are in GMT time zone
Being in the Overbought area for the last 2 trading days, The EURJPY market has triggered a short term bear downturn, signaling for a drop to 129.59 and chance for selloffs to test against 129.05. A reluctance to extend under 129.59 will likely prompt near term rebounds, but trade will likely struggle to climb back over 131.47. A close over 132.53 (SAR) is needed to reverse the short term trend back up.
