EUR/JPY is prolonging the side-line theme around the 100-day SMA. Immediately to the upside emerges the 200-day SMA at 120.65. EUR/JPY is expected to stick to the multi-session consolidative theme around the 120.00 region and so far capped on a daily basis by the 100-day SMA near 120.40. Ideally, the cross needs to clear this area in order to attempt a move to the key 200-day SMA, today at 120.65. Further north aligns the 55-day SMA in the 121.00 neighbourhood. On the broader view, as long as the 200-day SMA at 120.65 caps the upside, the selling bias in the cross is expected to remain unchanged and keeps on the cards a potential move to 119.65/25, November lows. 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/CNH still targets the 7.04 area – UOB FX Street 2 years EUR/JPY is prolonging the side-line theme around the 100-day SMA. Immediately to the upside emerges the 200-day SMA at 120.65. EUR/JPY is expected to stick to the multi-session consolidative theme around the 120.00 region and so far capped on a daily basis by the 100-day SMA near 120.40. Ideally, the cross needs to clear this area in order to attempt a move to the key 200-day SMA, today at 120.65. Further north aligns the 55-day SMA in the 121.00 neighbourhood. On the broader view, as long as the 200-day SMA at 120.65 caps the upside, the selling bias in the… 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.
