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EUR/JPY Price Analysis: Momentum shifts, bulls recover 20-day SMA

Started by forex4you, Jun 06, 2024, 06:40 am

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Jun 06, 2024, 06:40 am
EUR/JPY Price Analysis: Momentum shifts, bulls recover 20-day SMA

In Wednesday's session, the EUR/JPY pair witnessed a shift in momentum as buyers stepped in to recover the 20-day Simple Moving Average (SMA) at 169.40, supported by a recovery in the Yen against its peers.

Source: EUR/JPY Price Analysis: Momentum shifts, bulls recover 20-day SMA
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