EUR/JPY’s recovery met a tough hurdle in the mid-118.00s. Immediately to the upside emerges the key barrier in the 119.00 area. The upside momentum in EUR/JPY lost traction in the 118.50 region in the second half of the week on the back of renewed demand for the safe haven JPY. The leg lower carries the potential to extend initially, to April’s lows in the 115.50 zone. If this area is cleared, then there are no relevant support levels until the 2020 low in the mid-114.00s. 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 Litecoin Price Analysis: LTC/USD stays bearish, ignores positive fundamentals FX Street 2 years EUR/JPY’s recovery met a tough hurdle in the mid-118.00s. Immediately to the upside emerges the key barrier in the 119.00 area. The upside momentum in EUR/JPY lost traction in the 118.50 region in the second half of the week on the back of renewed demand for the safe haven JPY. The leg lower carries the potential to extend initially, to April’s lows in the 115.50 zone. If this area is cleared, then there are no relevant support levels until the 2020 low in the mid-114.00s. EUR/JPY daily chart 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.
