Bull needs to retake the 20-day, further downside on the horizon

Share: EUR/JPY advanced towards 158.15, setting a 0.40% weekly gain. The cross was rejected by the 20-day SMA the whole week. The daily charts flash signals of exhaustion. At the end of the week, the EUR/JPY cross advanced to the 158.15 area, seeing 0.40% daily and weekly gains. The daily charts suggest a

Bulls give up, and bears retake the 20-day SMA

Share: GBP/JPY retreated towards the 181.00 area and cleared most of its weekly gains.  Investors continue to digest BoE’s decision on Thursday.  Governor Ueda committed that the BoJ will be more flexible with the 10-year JGB. On Friday, the JPY traded mixed against most of its rivals, mainly because of Governor Ueda’s from