EUR/JPY bounces off recent lows near the 126.00 level. The upside remains capped by the YTD highs around 127.50. EUR/JPY looks to regain some upside traction following recent weekly lows in the vicinity of the 126.00 level. If the support in the 126.00 neighbourhood is cleared in the near-term, then the next interim level is at 125.70 (low December 16), or the lower bound of the recent multi-week consolidative theme. Further south comes in the 55-day SMA just above 125.00 the figure. Looking at the broader picture, while above the 200-day SMA at 122.65 the outlook for the cross should remain constructive. 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 Germany’s Altmaier: Pandemic situation worse than anybody expected FX Street 2 years EUR/JPY bounces off recent lows near the 126.00 level. The upside remains capped by the YTD highs around 127.50. EUR/JPY looks to regain some upside traction following recent weekly lows in the vicinity of the 126.00 level. If the support in the 126.00 neighbourhood is cleared in the near-term, then the next interim level is at 125.70 (low December 16), or the lower bound of the recent multi-week consolidative theme. Further south comes in the 55-day SMA just above 125.00 the figure. Looking at the broader picture, while above the 200-day SMA at 122.65 the outlook for the cross should… 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.
