EUR/JPY has eroded the 55-day moving average at 117.57 and the late April high at 117.77, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes “We look for a challenge of the 200-day moving average at 119.03/119.30. Further up the 55-week ma lies at 119.85 and the 2019-2020 resistance line lies at 121.06.” “Minor support lies at the 116.86 12th May high and the 116.15 March low. Below here lies the 115.34 mid-May trough. Further down sits the current May low at 114.44. This is viewed as an interim low.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY eases from tops, up little around 107.75-80 region FX Street 2 years EUR/JPY has eroded the 55-day moving average at 117.57 and the late April high at 117.77, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes “We look for a challenge of the 200-day moving average at 119.03/119.30. Further up the 55-week ma lies at 119.85 and the 2019-2020 resistance line lies at 121.06.” “Minor support lies at the 116.86 12th May high and the 116.15 March low. Below here lies the 115.34 mid-May trough. Further down sits the current May low at 114.44. This is viewed as an interim low.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
