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EUR/JPY momentum switched to negative

Increased downward momentum in the EUR/JPY has brought the 4hr MACD to step in the red zone.

This technical condition would certainly not be of much help if the MACD hasn't been under zero for at least one week of trading. This reinforces the argument that room for further EUR/JPY depreciation is there.

The signal may be either taken by trend-following traders as a trigger to liquidate long positions as by potential sellers to prepare their short commitments.

GBP/USD above MA's and bullish - FXStreet

Valeria Bednarik noted that the Pound spent the first half of the day overnight in europe consolidating its latest gains against the greenback, having extended its rally by a few pips this Thursday, up to 1.5506.
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USD/CAD reverses and drops to fresh 3-month lows

The Canadian dollar is among the top performers on Thursday and against the US dollar recently reached the strongest level since July.
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