EUR/JPY advances to 2-day highs near the 118.00 mark on Tuesday. Immediately to the upside emerges interim target at the 118.50 region. EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance from the key barrier near 118.50 (May 21). If buyers keep pushing higher, then there is scope for a potential test of monthly tops in the 118.50 area ahead of April’s peak around 119.00 in the short-term horizon. Further up emerges the key 200-day SMA at 119.23, which could be considered as the last defence for a test of March’s highs in the 121.00 zone. 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 Austrian Finance Minister: Some EU virus aid can be handouts FX Street 3 years EUR/JPY advances to 2-day highs near the 118.00 mark on Tuesday. Immediately to the upside emerges interim target at the 118.50 region. EUR/JPY is extending the bounce off recent lows in the 117.00 neighbourhood and is trading at shouting distance from the key barrier near 118.50 (May 21). If buyers keep pushing higher, then there is scope for a potential test of monthly tops in the 118.50 area ahead of April’s peak around 119.00 in the short-term horizon. Further up emerges the key 200-day SMA at 119.23, which could be considered as the last defence for a test of March’s… 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.
