EUR/JPY’s upside remains capped by the 3-month resistance line. Further up aligns the minor hurdle at the 55-day SMA (124.63). EUR/JPY’s recent advance appears to have met a tough barrier at the 3-month resistance line in the 124.20/30 band. The cross managed to regain attention after bottoming out in the 122.40 area on Monday, where also converges the 100-day SMA. Buyers are expected to clear the 124.20/30 area to allow for extra gains to, initially, the 55-day SMA near 124.60 ahead of 126.46 (September 10 high). Above the 200-day SMA, today at 120.92, the outlook on EUR/JPY is expected to 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 GBP/USD bounces off lows, still in the red around mid-1.2800s FX Street 2 years EUR/JPY’s upside remains capped by the 3-month resistance line. Further up aligns the minor hurdle at the 55-day SMA (124.63). EUR/JPY’s recent advance appears to have met a tough barrier at the 3-month resistance line in the 124.20/30 band. The cross managed to regain attention after bottoming out in the 122.40 area on Monday, where also converges the 100-day SMA. Buyers are expected to clear the 124.20/30 area to allow for extra gains to, initially, the 55-day SMA near 124.60 ahead of 126.46 (September 10 high). Above the 200-day SMA, today at 120.92, the outlook on EUR/JPY is expected 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.
