Analysts at Commerzbank explained that EUR/JPY has been correcting lower over the last 2 weeks and is expected to stabilise around the 55 day ma at current levels. Key Quotes: “Ideally we would like to see the market remain underpinned here (favoured) and look for signs of recovery towards 133.13/48. Above 133.48 lies the 135.24 1979-2018 downtrend line. Still further up sit the 137.51 2018 high and the 137.87 2008-2018 resistance line. Below the 55 day ma would allow for a retest of the 127.85 mid September low. Where are we wrong? Only below 127.85 would leave the market back on the defensive and suggest losses back to the 124.91 mid August 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 A range of drivers contributing to uncertainty and volatility in markets – ANZ FX Street 4 years Analysts at Commerzbank explained that EUR/JPY has been correcting lower over the last 2 weeks and is expected to stabilise around the 55 day ma at current levels. Key Quotes: "Ideally we would like to see the market remain underpinned here (favoured) and look for signs of recovery towards 133.13/48. Above 133.48 lies the 135.24 1979-2018 downtrend line. Still further up sit the 137.51 2018 high and the 137.87 2008-2018 resistance line. Below the 55 day ma would allow for a retest of the 127.85 mid September low. Where are we wrong? Only below 127.85 would leave the market back… 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.
