EUR/JP’s recovery met a strong barrier around the 119.00 mark. Further upside could see the 200-day SMA near 120 re-visited. After printing multi-week lows near 116.50 last week, EUR/JPY managed to regain some composure, although the bullish attempt stalled in the 119.00 neighbourhood, sparking the ongoing correction lower. Interim target on the upside emerges at the 55-day SMA at 119.41 ahead of the more relevant 200-day SMA in the 119.85/90 band A breakout February tops in the mid-121.00s is needed in order to alleviate the downside pressure and shift the focus to a potential test of yearly highs in the boundaries of 123.00 the figure (January 16th). 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 Indonesia: FX Reserves seen shrinking further – UOB FX Street 2 years EUR/JP’s recovery met a strong barrier around the 119.00 mark. Further upside could see the 200-day SMA near 120 re-visited. After printing multi-week lows near 116.50 last week, EUR/JPY managed to regain some composure, although the bullish attempt stalled in the 119.00 neighbourhood, sparking the ongoing correction lower. Interim target on the upside emerges at the 55-day SMA at 119.41 ahead of the more relevant 200-day SMA in the 119.85/90 band A breakout February tops in the mid-121.00s is needed in order to alleviate the downside pressure and shift the focus to a potential test of yearly highs in the… Top 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.
