EUR/JPY has failed once again to surpass the 121.00 mark on Tuesday. Immediately to the upside emerges monthly peaks near 121.50. EUR/JPY is trading within a tight range below the 120.00 barrier on Wednesday, all against the backdrop of a generalized side-lined mood in the global markets. The key area remains the 120.30 level, where is located the 200-day SMA. Below it, the cross is expected to face increasing odds for a deeper retracement. Against this backdrop, a move to the area of 2020 lows near 118.50 should not be ruled out in the short-term horizon. 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 USD/JPY still risks a move lower – UOB FX Street 3 years EUR/JPY has failed once again to surpass the 121.00 mark on Tuesday. Immediately to the upside emerges monthly peaks near 121.50. EUR/JPY is trading within a tight range below the 120.00 barrier on Wednesday, all against the backdrop of a generalized side-lined mood in the global markets. The key area remains the 120.30 level, where is located the 200-day SMA. Below it, the cross is expected to face increasing odds for a deeper retracement. Against this backdrop, a move to the area of 2020 lows near 118.50 should not be ruled out in the short-term horizon. EUR/JPY daily chart 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.
