EURJPY analysis for 18.10.2023
The EURJPY has been displaying bullish indications, notably through the Ichimoku Kinko Hyo indicator where the last cloud (Kumo) is green, signifying a potential uptrend. The price candles residing above the cloud further underscore this bullish sentiment. Additionally, the conversion line (Tenkan-sen) is positioned above the base line (Kijun-sen) and aligns with the candles, suggesting short-term buying pressure. However, the Relative Strength Index (RSI) stands at 49, indicating a neutral...