Technical Analysis – EURJPY in recovery mode but descending channel holds the “bull flag”  

EURJPY is prolonging the rebound off the 2 ½-year low of 115.85 as the RSI and the MACD are signaling mounting buying interest, with the former surpassing its 50 neutral mark and the latter improving above its signal line. Questions however remain about whether the bullish forces are strong enough to violate the descending channel to the upside. […]