Thursday, October 15, 2026

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EUR/JPY hits new price trend high; short-term overbought risk

EUR/JPY 136.42 high is by 136.70 Feb peak & 161.8% off April base at 136.66 Purge of Bund buys nearing oversold on weekly RSI, may slow EUR's squeeze New price trend high, but RSI bearishly diverges, warns of Short-Term …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/JPY 136.42 high is by 136.70 Feb peak & 161.8% off April base at 136.66

  • Purge of Bund buys nearing oversold on weekly RSI, may slow EUR's squeeze 

  • New price trend high, but RSI bearishly diverges, warns of Short-Term pullback risk

  • Bids into 135. Tenkan is at 134.77 - close below would be bearish

  • Beyond 136.70; 50% of '14-'15 drop & weekly Kijun at 137.93 are main target

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