EURJPY rises to 23.6% Fibonacci level after sharp sell-off

EURJPY pared some of TuesdayÂ’s losses and re-challenged the 23.6% Fibonacci retracement level of the downleg from 137.50 to 124.60, around 127.65. The momentum indicators are supportive of the short-term bullish correction, with the RSI flattening into negative, the MACD oscillator approaching the…

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