USD/JPY and EUR/JPY in Breakout Mode

Momentum: The EUR/JPY is in a more bullish mode than the USD/JPY in the 1H time-frame. The RSI has been staying above 40 after tagging 70. It is again pushing to 70 showing continuing development of bullish momentum. Trading above the 200-hour SMA also reflects a bullish market in the short-term….

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USD/JPY and EUR/JPY in Breakout Mode

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