EUR/JPY extends the bearish note and breaches the 123.00 mark. Interim support aligns at the 100-day SMA at 122.10. EUR/JPY remains under heavy downside pressure at the beginning of the week and slips back below the 123.00 mark for the first time since mid-July. The bearish impulse remains well in place and forced the cross to break below the key support region around 122.90. The leg lower now faces a minor support at the 100-day SMA at 122.10 ahead of the critical 200-day SMA, today at 120.85. Below the 200-day SMA the outlook on the cross is expected to shift to bearish. 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 New Zealand: GDP now seen contracting at 5.0% this year – UOB FX Street 1 year EUR/JPY extends the bearish note and breaches the 123.00 mark. Interim support aligns at the 100-day SMA at 122.10. EUR/JPY remains under heavy downside pressure at the beginning of the week and slips back below the 123.00 mark for the first time since mid-July. The bearish impulse remains well in place and forced the cross to break below the key support region around 122.90. The leg lower now faces a minor support at the 100-day SMA at 122.10 ahead of the critical 200-day SMA, today at 120.85. Below the 200-day SMA the outlook on the cross is expected to shift… Top 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.
