EUR/JPY keeps correcting lower following recent YTD tops. The leg lower could extend further and re-visit the 124.30/25 band. Following last week’s 2020 tops near 126.80, EUR/JPY has embarked in a corrective downside, which is now navigating its fifth consecutive session. Further downside is therefore likely and could drag the cross as low as the 124.30 zone, or last week’s low. If the selling impetus picks up pace, then the next key contention area is located near 122.90. In spite of the ongoing move, the constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at 120.32. 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 UK: Inflation leaps to multi-month tops in July – UOB FX Street 2 years EUR/JPY keeps correcting lower following recent YTD tops. The leg lower could extend further and re-visit the 124.30/25 band. Following last week’s 2020 tops near 126.80, EUR/JPY has embarked in a corrective downside, which is now navigating its fifth consecutive session. Further downside is therefore likely and could drag the cross as low as the 124.30 zone, or last week’s low. If the selling impetus picks up pace, then the next key contention area is located near 122.90. In spite of the ongoing move, the constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at… 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.
