EUR/JPY recorded new 2020 highs in the 125.55/60 band on Thursday. The March 2019 high near 127.50 is the next target of significance. EUR/JPY’s rally has managed to hit fresh tops near 125.60 during early trade in the second half of the week, just to come under some selling pressure soon afterwards. In spite of the ongoing correction, extra gains remain well on the cards and underpinned by the generalized improvement in the risk complex. Against this, the next area of interest emerges at the mid-127.00s, where sits the March 2019 high. If sellers remain in control in the short-term, then EUR/JPY should meet initial contention in the weekly lows around the 124.00 mark (August 3). EUR/JPY weekly 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/CHF: Core bear trend resumption toward psychological 0.90 zone – Credit Suisse FX Street 2 years EUR/JPY recorded new 2020 highs in the 125.55/60 band on Thursday. The March 2019 high near 127.50 is the next target of significance. EUR/JPY’s rally has managed to hit fresh tops near 125.60 during early trade in the second half of the week, just to come under some selling pressure soon afterwards. In spite of the ongoing correction, extra gains remain well on the cards and underpinned by the generalized improvement in the risk complex. Against this, the next area of interest emerges at the mid-127.00s, where sits the March 2019 high. If sellers remain in control in the short-term,… 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.
