EUR/JPY gains further upside momentum beyond 123.00 on Tuesday. The 3-month resistance line emerges as the next interim hurdle. EUR/JPY posts decent gains and adds to Monday’s advance above 123.00 the figure amidst the better tone in the risk complex. The cross managed to regain attention after bottoming out in the 122.40 area on Monday, where also converges the 100-day SMA. Further upside looks likely and could initially extend to the 3-month resistance line in the 124.20 zone. Above the 200-day SMA, today at 120.89, the outlook on the cross is expected to 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: A breach of 94.00 could expose 93.70 FX Street 2 years EUR/JPY gains further upside momentum beyond 123.00 on Tuesday. The 3-month resistance line emerges as the next interim hurdle. EUR/JPY posts decent gains and adds to Monday’s advance above 123.00 the figure amidst the better tone in the risk complex. The cross managed to regain attention after bottoming out in the 122.40 area on Monday, where also converges the 100-day SMA. Further upside looks likely and could initially extend to the 3-month resistance line in the 124.20 zone. Above the 200-day SMA, today at 120.89, the outlook on the cross is expected to remain constructive. 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.
