EUR/JPY continues to recover off the one month uptrend line at 117.11 which is expected to underpin the market, according to Commerzbank’s Karen Jones. Read: Above 116.94, EUR/JPY can see a base maintained with resistance seen at 118.53/63 – Credit Suisse Key quotes “We look for recovery to the April high and also the 200-day moving average at 119.03/119.30. Further up the 55-week ma lies at 119.73 and the 2019-2020 resistance line lies at 121.00.” “Dips will find support at 116.86/93, the mid-May high and the near term uptrend and an upside bias remains while above there. 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 EUR/CNH: A break os successive supports – ANZ FX Street 3 years EUR/JPY continues to recover off the one month uptrend line at 117.11 which is expected to underpin the market, according to Commerzbank’s Karen Jones. Read: Above 116.94, EUR/JPY can see a base maintained with resistance seen at 118.53/63 – Credit Suisse Key quotes “We look for recovery to the April high and also the 200-day moving average at 119.03/119.30. Further up the 55-week ma lies at 119.73 and the 2019-2020 resistance line lies at 121.00.” “Dips will find support at 116.86/93, the mid-May high and the near term uptrend and an upside bias remains while above there. Below here lies… 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.
