EUR/JPY came under pressure following recent 2021 highs. Next on the downside comes in the 50-day SMA at 129.26. EUR/JPY extends the knee-jerk below the 130.00 level after hitting new YTD peaks just below 131.00 the figure on Tuesday. Further downside is expected to meet initial and minor contention at the 50-day SMA around 129.30. A break below the 5-month support line near 128.90 should alleviate the upside pressure somewhat an allow for a move lower to the next target at the late March lows in the 128.30/25 band (March 24). In the meantime, while above the 200-day SMA at 125.96 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 WTI consolidates losses around $62 ahead of EIA data FX Street 2 years EUR/JPY came under pressure following recent 2021 highs. Next on the downside comes in the 50-day SMA at 129.26. EUR/JPY extends the knee-jerk below the 130.00 level after hitting new YTD peaks just below 131.00 the figure on Tuesday. Further downside is expected to meet initial and minor contention at the 50-day SMA around 129.30. A break below the 5-month support line near 128.90 should alleviate the upside pressure somewhat an allow for a move lower to the next target at the late March lows in the 128.30/25 band (March 24). In the meantime, 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.
