EUR/JPY remains under selling pressure on Wednesday. The level to beat for bears is the 116.90 support. EUR/JPY daily chart EUR/JPY remains under heavy selling pressure below the main SMAs (simple moving averages) on the daily chart as the currency cross is nearing the 2020 low. EUR/JPY four-hour chart EUR/JPY is drifting down below the main SMAs on the four-hour time frame suggesting a downward bias in the medium term. Sellers stay in control and a break below the 116.90 level can introduce scope to further losses towards the 116.00 and 15.45 price levels. On the flip side, resistance can be seen near the 117.50 and 118.00 level near the 50 SMA. 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 Bank of Canada: Real focus was on asset purchases and the Bank did not disappoint – NFB FX Street 2 years EUR/JPY remains under selling pressure on Wednesday. The level to beat for bears is the 116.90 support. EUR/JPY daily chart EUR/JPY remains under heavy selling pressure below the main SMAs (simple moving averages) on the daily chart as the currency cross is nearing the 2020 low. EUR/JPY four-hour chart EUR/JPY is drifting down below the main SMAs on the four-hour time frame suggesting a downward bias in the medium term. Sellers stay in control and a break below the 116.90 level can introduce scope to further losses towards the 116.00 and 15.45 price levels. On the… 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.
