EUR/JPY remains side-lined around the 126.00 neighbourhood. Immediately to the upside emerges the 2020 highs just above 127.00. EUR/JPY’s multi-session neutral stance remains well and sound on Wednesday, always around the 126.00 barrier. EUR/JPY entered into a consolidative phase following last week’s rejection from tops near 126.70, which at the same time pushed the cross into the overbought territory. The breakout of the current rangebound theme allows for a move to the 2020 peaks in the 127.00 zone (September 1) in the near-term. Looking at the broader picture, while above the 200-day SMA at 121.72 the outlook should remain constructive. The October’s low around 121.60 also reinforces this key contention zone. 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 US Dollar Index Price Analysis: Rising bets for further decline FX Street 2 years EUR/JPY remains side-lined around the 126.00 neighbourhood. Immediately to the upside emerges the 2020 highs just above 127.00. EUR/JPY’s multi-session neutral stance remains well and sound on Wednesday, always around the 126.00 barrier. EUR/JPY entered into a consolidative phase following last week’s rejection from tops near 126.70, which at the same time pushed the cross into the overbought territory. The breakout of the current rangebound theme allows for a move to the 2020 peaks in the 127.00 zone (September 1) in the near-term. Looking at the broader picture, while above the 200-day SMA at 121.72 the outlook should remain constructive.… 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.
