EUR/JPY Rally Slows Despite Long-Term Bullish Outlook
• EUR/JPY showing signs of reduced buying momentum and possible market cooling based on technical indicators • Hourly charts suggest growing selling pressure and bearish momentum • EUR/JPY still in bullish broader outlook, trading above key SMAs • Watching if selling momentum breaks below 20-day SMA support at 163.72 • Upside challenged in short term, but long term still tilted bullish