EUR/JPY extends the bearish note and breaches 124.00. Further south emerges the key contention area around 122.90. EUR/JPY remains under heavy pressure and is now flirting with the 3-month support line in the 123.60 zone. The bearish impulse is gathering extra steam and a break below this support line should expose a test of the major contention area around 122.90, where coincide the January peaks and the late-July lows. The positive stance on EUR/JPY is forecasted to remain unaltered as long as the 200-day SMA, today at 120.83, holds the downside. 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 AUD/EUR set to trade at 0.62 by year-end – Westpac FX Street 1 year EUR/JPY extends the bearish note and breaches 124.00. Further south emerges the key contention area around 122.90. EUR/JPY remains under heavy pressure and is now flirting with the 3-month support line in the 123.60 zone. The bearish impulse is gathering extra steam and a break below this support line should expose a test of the major contention area around 122.90, where coincide the January peaks and the late-July lows. The positive stance on EUR/JPY is forecasted to remain unaltered as long as the 200-day SMA, today at 120.83, holds the downside. EUR/JPY daily chart Top 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.
