EUR/JPY rebounds from near 2020 lows and challenges 118.75 resistance. EUR/JPY remains sidelined on Wednesday below the 118.75 level. EUR/JPY daily chart EUR/JPY is consolidating the recent bear leg while rebounding from near 2020 lows as the spot is trading below the main SMAs (simple moving averages) on the daily chart suggesting an overall negative momentum in the currency cross. EUR/JPY four-hour chart Euro/Yen challenged the 118.75 resistance and the 200 SMA on the four-hour chart as bulls are looking for an extension up to the 119.50 and 120.00 hanlde. However, considering the overall negative bias, it still remains to be seen if the quote can overcome 119.75 hurdle. On the flip side, bears will keep targetting 118.00 and 117.50 price levels to the downside. Additional key levels 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 USD/MXN drops to test 24.00, Latin American currencies outperform FX Street 2 years EUR/JPY rebounds from near 2020 lows and challenges 118.75 resistance. EUR/JPY remains sidelined on Wednesday below the 118.75 level. EUR/JPY daily chart EUR/JPY is consolidating the recent bear leg while rebounding from near 2020 lows as the spot is trading below the main SMAs (simple moving averages) on the daily chart suggesting an overall negative momentum in the currency cross. EUR/JPY four-hour chart Euro/Yen challenged the 118.75 resistance and the 200 SMA on the four-hour chart as bulls are looking for an extension up to the 119.50 and 120.00 hanlde. However, considering the overall negative bias,… 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.
