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EURJPY wanders toward 200 hour MA but bounces

October 12, 2020 at 08:02PM

Swing area in play below as well
Usually when stocks race higher, there is a corresponding run higher in the JPY crosses. The "party line" is traders are exiting the ‘relative safety’ of the JPY, and/or a flight into the risk of the EUR.   Neither is happening today. The EURUSD is lower. The USDJPY is lower. Continue Reading:…

Author: https://www.forexlive.com/technical-analysis/!/eurjpy-wanders-toward-200-hour-ma-but-bounces-20201012 Selected by SYFX+

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