EUR/JPY comes under pressure and approaches 124.00. Further south emerges the 200-hour near 123.80. EUR/JPY recorded fresh yearly peaks beyond 125.00 the figure on Friday following the sharp sell-off in the Japanese safe haven. The ongoing corrective downside could extend further and test the 200-hour SMA in the 123.80 region. A deeper pullback carries the potential to see the January peaks in the 122.90/87 band re-visited. As long as EURJPY trades above the 200-day SMA at 120.00, the bullish outlook is expected to remain unchanged. EUR/JPY hourly 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: Recovery targets 94.00 and beyond FX Street 3 years EUR/JPY comes under pressure and approaches 124.00. Further south emerges the 200-hour near 123.80. EUR/JPY recorded fresh yearly peaks beyond 125.00 the figure on Friday following the sharp sell-off in the Japanese safe haven. The ongoing corrective downside could extend further and test the 200-hour SMA in the 123.80 region. A deeper pullback carries the potential to see the January peaks in the 122.90/87 band re-visited. As long as EURJPY trades above the 200-day SMA at 120.00, the bullish outlook is expected to remain unchanged. EUR/JPY hourly 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.
