EUR/JPY is swiftly heading back up towards the 55-day moving average at 117.59 and the late April high at 117.77, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “If the 55-day moving average is overcome, the April high and also the 200-day moving average at 119.03/119.30 will be back in the picture. Further up the 2020 resistance line can be seen at 119.74.” “Minor support below the 116.15 March low comes in at the 115.34 midMay trough. Further down sits the current May low at 114.44.” 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 NZD/USD faces a tough barrier around 0.6120 – UOB FX Street 2 years EUR/JPY is swiftly heading back up towards the 55-day moving average at 117.59 and the late April high at 117.77, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “If the 55-day moving average is overcome, the April high and also the 200-day moving average at 119.03/119.30 will be back in the picture. Further up the 2020 resistance line can be seen at 119.74.” “Minor support below the 116.15 March low comes in at the 115.34 midMay trough. Further down sits the current May low at 114.44.” 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.