EUR/JPY bulls taking back charge but face resistance ahead. A 50% mean reversion could be on the cards on a break of 124.40/80. EUR/JPY is on the verge of a break to the upside following the divergence in the Williams A/D Momentum and the daily low of Jan 30th. Bulls have take back control from 119.77 with a high of 120.33 although may find tough structural resistance in 120.40s. Support comes in at 119.90/00. Above here, bulls can target a break above 120.40s and seek out a mean reversion of the 2020 slide to 121.35. 120.80 and prior trendline could also provide a tough area of resistance. 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 China’s Industrial Profits plunge 6.3% YoY in Dec, Aussie drops back below 0.6700 FX Street 2 years EUR/JPY bulls taking back charge but face resistance ahead. A 50% mean reversion could be on the cards on a break of 124.40/80. EUR/JPY is on the verge of a break to the upside following the divergence in the Williams A/D Momentum and the daily low of Jan 30th. Bulls have take back control from 119.77 with a high of 120.33 although may find tough structural resistance in 120.40s. Support comes in at 119.90/00. Above here, bulls can target a break above 120.40s and seek out a mean reversion of the 2020 slide to 121.35. 120.80 and prior trendline could also… 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.
