📈📉Cable FX Macro Momentum: EUR, JPY Extended

**As seen in the FX Quotes Report 10/12/21 cablefxm.co.uk

• Our momentum tracker, based on simple moving averages, throws extended USD signals for both EUR/USD and USD/JPY

• On EUR/USD the momentum model went down to 0.002 on Tuesday, this is the lowest since March 3rd, 2020. The USD/JPY momentum model is tracking a 0.994 in percentile terms

• As a reminder: 1 = 2DMA to 150DMA > 200DMA, 0 = 2DMA to 150DMA < 200DMA. Historically, these points indicate an exhaustion of trends