EUR/JPY found bids at 122.54 earlier today and is currently seen at 122.90.
The positive tone comes a day after the pair charted a classic doji, which represents seller exhaustion.
Further, the RSI on the 4-hour chart has created a bullish divergence.
EUR/JPY, therefore, looks set to test supply around the 10-day MA, currently at 123.26.
The positive tone comes a day after the pair charted a classic doji, which represents seller exhaustion.
Further, the RSI on the 4-hour chart has created a bullish divergence.
EUR/JPY, therefore, looks set to test supply around the 10-day MA, currently at 123.26.