EUR/JPY fades Tuesday’s uptick and returns below 126.00. Further downside could see he 125.00 area re-tested. The bullish attempt in EUR/JPY has once again lost momentum in the 126.20 region. The rejection from this area leaves the door open to the resumption of the leg lower and a potential visit to Monday’s YTD lows near 125.00 the figure. Further south emerges the 100-day SMA at 124.75 ahead of the Fibo retracement (of the October-January rally) at 124.55. Looking at the broader picture, while above the 200-day SMA at 122.80 the outlook for the cross should remain constructive. EUR/JPY daily chart 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 USD/CAD Price Analysis: Off lows, keeps the red around 1.2700 mark ahead of BoC FX Street 2 years EUR/JPY fades Tuesday’s uptick and returns below 126.00. Further downside could see he 125.00 area re-tested. The bullish attempt in EUR/JPY has once again lost momentum in the 126.20 region. The rejection from this area leaves the door open to the resumption of the leg lower and a potential visit to Monday’s YTD lows near 125.00 the figure. Further south emerges the 100-day SMA at 124.75 ahead of the Fibo retracement (of the October-January rally) at 124.55. Looking at the broader picture, while above the 200-day SMA at 122.80 the outlook for the cross should remain constructive. EUR/JPY daily chart… 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.
