EUR/JPY extends the leg lower for the second session in a row. Weekly lows in the 125.60 area emerges as the next support. EUR/JPY is adding to Monday’s losses and tests the 126.20 zone on Tuesday, where sits the 21-day SMA. The renewed downside pressure is expected to meet interim support at the 55-day SMA at 125.77 and carries the potential to drag EUR/JPY to last week’s lows near 125.60 (January 27) in the short-term horizon. Looking at the broader picture, while above the 200-day SMA at 123.22 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 S&P 500 Index: Recent comparisons to the tech bubble are misplaced – Morgan Stanley FX Street 1 year EUR/JPY extends the leg lower for the second session in a row. Weekly lows in the 125.60 area emerges as the next support. EUR/JPY is adding to Monday’s losses and tests the 126.20 zone on Tuesday, where sits the 21-day SMA. The renewed downside pressure is expected to meet interim support at the 55-day SMA at 125.77 and carries the potential to drag EUR/JPY to last week’s lows near 125.60 (January 27) in the short-term horizon. Looking at the broader picture, while above the 200-day SMA at 123.22 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.
