EUR/JPY eases from last week’s new 2020 tops near 126.80. A deeper pullback is seen as corrective only and could test 124.30. EUR/JPY’s is now seeing some selling mood after printing fresh 2020 highs around 126.70 in the second half of last week, levels last traded in April 2019. Despite the ongoing correction, the move is seen as a “buy on dips”, as the upside bias remains well in place. That said, if the 126.80 region is cleared, then there are no relevant hurdles until the March 2019 high in the 127.50 region. The pullback, instead, carries the potential to extend to the 124.30 region, area seen earlier in the month. The constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at 120.24. 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 Malaysia: Record contraction in Q2 GDP – UOB FX Street 2 years EUR/JPY eases from last week’s new 2020 tops near 126.80. A deeper pullback is seen as corrective only and could test 124.30. EUR/JPY’s is now seeing some selling mood after printing fresh 2020 highs around 126.70 in the second half of last week, levels last traded in April 2019. Despite the ongoing correction, the move is seen as a “buy on dips”, as the upside bias remains well in place. That said, if the 126.80 region is cleared, then there are no relevant hurdles until the March 2019 high in the 127.50 region. The pullback, instead, carries the potential to… 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.
