EUR/JPY could be facing downside pressure as its MACD failed to test recent highs.
A bearish divergence between EUR/JPY spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen.
|114.76532745361 ||114.83466339111 ||114.89633178710 ||115.02733612060 ||115.09667205810 ||115.15834045410 |
|Trend Index||OB/OS Index|
| Bearish || Neutral |