EUR/JPY extends the consolidative pattern around 130.00. A surpass of YTD highs should put 131.00 on the horizon. EUR/JPY remains side-lined around the 130.00 neighbourhood for yet another session on turnaround Tuesday. Further consolidation around current levels appears favoured in the very near-term. The resumption of the bull trend faces the next hurdle at the 2021 high near 130.70 (April 7) ahead of the 131.00 mark. While above the short-term support line around 128.50, extra gains remain on the table, with the longer term target at the 2018 high at 131.98 (July 17). This area of contention is reinforced by the proximity of the 50-day SMA at 128.83. In the meantime, while above the 200-day SMA at 125.69 the broader 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 US Dollar Index Price Analysis: The 92.00 area holds the downside so far FX Street 2 years EUR/JPY extends the consolidative pattern around 130.00. A surpass of YTD highs should put 131.00 on the horizon. EUR/JPY remains side-lined around the 130.00 neighbourhood for yet another session on turnaround Tuesday. Further consolidation around current levels appears favoured in the very near-term. The resumption of the bull trend faces the next hurdle at the 2021 high near 130.70 (April 7) ahead of the 131.00 mark. While above the short-term support line around 128.50, extra gains remain on the table, with the longer term target at the 2018 high at 131.98 (July 17). This area of contention is reinforced by… 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.
