EUR/JPY is reversing Monday’s pullback and challenges 125.00. The 2020 peaks around 125.20 emerges as the next target. EUR/JPY leaves behind the pessimism at the beginning of the week and is now flirting with the key barrier at 125.00 the figure. The underlying positive stance in the cross remains well and sound, with occasional bearish moves deemed as corrective only. Against this, EUR/JPY is expected to re-visit the YTD tops in the 125.20 region in the short-term horizon, while bouts of weakness are predicted to meet contention in the 122.90 region. Looking at the broader picture, the outlook on EURJPY is seen as constructive while above the 200-day SMA, today at 120.03. 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 Bitcoin price prediction: BTC/USD gather strength before another rush to $12,000 – Bitcoin confluence FX Street 2 years EUR/JPY is reversing Monday’s pullback and challenges 125.00. The 2020 peaks around 125.20 emerges as the next target. EUR/JPY leaves behind the pessimism at the beginning of the week and is now flirting with the key barrier at 125.00 the figure. The underlying positive stance in the cross remains well and sound, with occasional bearish moves deemed as corrective only. Against this, EUR/JPY is expected to re-visit the YTD tops in the 125.20 region in the short-term horizon, while bouts of weakness are predicted to meet contention in the 122.90 region. Looking at the broader picture, the outlook on EURJPY… 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.
