EUR/JP met solid resistance around the 119.00 mark in past sessions. Broader side-lined theme expected to prevail for the time being. Following multi-day peaks in the 119.00 neighbourhood, EUR/JPY dropped to sub-118.00 levels on the back of the resumption of some selling pressure at the beginning of the week. In the meantime, the current price action remains part of the broader consolidative range between 116.00 and 121.50. While further rangebound seems the name of the game for the cross in the short-term horizon, a move to the yearly lows in the vicinity of the 116.00 mark should not be ruled out. 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 Eurozone: Inflation can be expected to be higher – Natixis FX Street 2 years EUR/JP met solid resistance around the 119.00 mark in past sessions. Broader side-lined theme expected to prevail for the time being. Following multi-day peaks in the 119.00 neighbourhood, EUR/JPY dropped to sub-118.00 levels on the back of the resumption of some selling pressure at the beginning of the week. In the meantime, the current price action remains part of the broader consolidative range between 116.00 and 121.50. While further rangebound seems the name of the game for the cross in the short-term horizon, a move to the yearly lows in the vicinity of the 116.00 mark should not be ruled… 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.
