In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross remains poised to visit the 130.20 area, where lies the 200-day SMA. Key Quotes “EUR/JPY continues to recover from the 78.6% retracement at 126.66. The market is poised to challenge the 200 day ma at 130.21. A close above here is needed to restore upside pressure. The 200 day moving average guards 133.13/48, the highs since April. Above 133.48 lies the 134.27 1979-2018 downtrend line. Still further up sit the 137.51 2018 high and the 137.87 2008-2018 resistance line”. “The 126.66/64 support is the last defence for the 124.91/62 May and August low. This guards the 124.08 December 2016 high and 122.40 June 2017 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 EUR/USD further decline not ruled out, stays neutral near term – UOB FX Street 4 years In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross remains poised to visit the 130.20 area, where lies the 200-day SMA. Key Quotes "EUR/JPY continues to recover from the 78.6% retracement at 126.66. The market is poised to challenge the 200 day ma at 130.21. A close above here is needed to restore upside pressure. The 200 day moving average guards 133.13/48, the highs since April. Above 133.48 lies the 134.27 1979-2018 downtrend line. Still further up sit the 137.51 2018 high and the 137.87 2008-2018 resistance line". "The 126.66/64 support is the last defence… 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.
