EUR/JPY is prolonging the downside after the rejection from 119.00. Immediate to the downside emerges the 116.00 region. EUR/JPY is navigating the area of weekly lows in the 117.00 neighbourhood, resuming the bearish note following Tuesday’s bullish attempt. While further rangebound is expected in the short-term horizon, a move to the yearly lows in the vicinity of the 116.00 mark should not be ruled out for the time being. In addition, and supporting the consolidative stance, the daily RSI remains sidelined just above the 40.0 level. In the meantime, the current price action remains part of the broader consolidative range between 116.00 and 121.50. 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 Coronavirus update Spain: Death toll rises to 19,130 FX Street 2 years EUR/JPY is prolonging the downside after the rejection from 119.00. Immediate to the downside emerges the 116.00 region. EUR/JPY is navigating the area of weekly lows in the 117.00 neighbourhood, resuming the bearish note following Tuesday’s bullish attempt. While further rangebound is expected in the short-term horizon, a move to the yearly lows in the vicinity of the 116.00 mark should not be ruled out for the time being. In addition, and supporting the consolidative stance, the daily RSI remains sidelined just above the 40.0 level. In the meantime, the current price action remains part of the broader consolidative range… 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.
