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EUR/JPY PRICE ANALYSIS: BULLISH PUSH PERSISTS, EYES ON WANING MOMENTUM

ia7145
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  • Flattening indicators on the daily chart may signal a period of consolidation.
  • The flat RSI slope and falling MACD bars on the hourly chart translate into a neutral sentiment for the session.

The EUR/JPY currency pair stands at 164.71, reflecting a persistent bullish upsurge as it cleared daily losses and defended the 20-day Simple Moving Averages (SMA). However, caution is warranted considering the shifting market environment as the flattening momentum, revealed on the daily and hourly chart may cool down the bullish outlook.


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