EUR/JPY trades in a choppy fashion in the upper end of the range. Immediately to the upside emerges the next hurdle at 122.00. EUR/JPY is extending the rangebound theme for yet another session on Thursday with gains so far capped around the mid-121.00s. If bulls manage to break above this rangem then the next target aligns at the 122.00 neighbourhood ahead of YTD peaks beyond 124.00 the figure recorded in June. As long as the key 200-day SMA, today at 119.61, holds the downside, the outlook on the cross is seen as constructive. This contention area is also reinforced by June’s lows in the 119.30 region. 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 US Dollar Index Price Analysis: Potential move to 96.40 near-term FX Street 3 years EUR/JPY trades in a choppy fashion in the upper end of the range. Immediately to the upside emerges the next hurdle at 122.00. EUR/JPY is extending the rangebound theme for yet another session on Thursday with gains so far capped around the mid-121.00s. If bulls manage to break above this rangem then the next target aligns at the 122.00 neighbourhood ahead of YTD peaks beyond 124.00 the figure recorded in June. As long as the key 200-day SMA, today at 119.61, holds the downside, the outlook on the cross is seen as constructive. This contention area is also reinforced by… 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.
