EURJPY SHORT

Key Indicators

• Buyers are attempting to extend the rebound, but the recovery is facing selling pressure at the 50-day SMA.

• Supported by a downward-sloping moving average.

Fundamental Context

EURJPY bounced back to near 185.60. The rebound could also be linked to the market’s anxiety ahead of the key events scheduled for publishing. However, the short-term price movements are currently showing a lack of clear direction.