EUR/JPY PRICE ANALYSIS: BULLISH MOMENTUM PREVAILS, REACHES ITS HIGHEST SINCE 2008
- The daily RSI signals growing buying momentum for the EUR/JPY.
- The daily MACD also shows a strengthening buying momentum.
- On the hourly chart, the same indicators reveal signs of a more immediate buyer dominance.
The EUR/JPY rose towards 165.64 on Tuesday’s session, its highest level since 2008, showcasing clear bullish signals that point to further gains. With buyers in command, the overall landscape for the pair can be viewed as bullish.
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