The bull run in EUR/JPY faltered in the 121.50 region on Wednesday. The 200-day SMA near 119.60 keeps holding the downside. EUR/JPY is now seeing some correction lower after failing to surpass the 121.50 region earlier in the session. While above the key 200-day SMA, today at 119.58, the outlook on the cross is seen as positive. That said, the next target on the upside is located at the 122.00 neighbourhood ahead of the 2020 peak in the 124.40 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 Italy considering additional EUR20 billion in economic stimulus this month – Reuters FX Street 2 years The bull run in EUR/JPY faltered in the 121.50 region on Wednesday. The 200-day SMA near 119.60 keeps holding the downside. EUR/JPY is now seeing some correction lower after failing to surpass the 121.50 region earlier in the session. While above the key 200-day SMA, today at 119.58, the outlook on the cross is seen as positive. That said, the next target on the upside is located at the 122.00 neighbourhood ahead of the 2020 peak in the 124.40 zone. EUR/JPY daily chart 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.
