A close above 117.77/83 can mark an important base with resistance next at 118.58/63, per Credit Suisse. Analysts at Commerzbank also see upside potential on the EUR/JPY pair. Key quotes “EUR/JPY has cleared key resistance from the late April/early May highs at 117.77/83 and assuming a close above here is achieved, this would not only see the large bear ‘triangle’ negated, it would instead see a base established to mark an important turn higher, with resistance next at 118.58/63, then the April highs at 119.01/04.” “Support is seen at 117.58/52 initially, then 117.02, which we look to ideally now hold to maintain thoughts of a base.” 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 Japan’s Nishimura: On the path towards coronavirus containment FX Street 2 years A close above 117.77/83 can mark an important base with resistance next at 118.58/63, per Credit Suisse. Analysts at Commerzbank also see upside potential on the EUR/JPY pair. Key quotes “EUR/JPY has cleared key resistance from the late April/early May highs at 117.77/83 and assuming a close above here is achieved, this would not only see the large bear ‘triangle’ negated, it would instead see a base established to mark an important turn higher, with resistance next at 118.58/63, then the April highs at 119.01/04.” “Support is seen at 117.58/52 initially, then 117.02, which we look to ideally now hold… 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.
