EUR/JPY extends the leg lower after the rejection from 119.00. Further south emerges the 2020 lows in the 116.00 region. EUR/JPY remains under heavy downside pressure so far this week in response to the weak performance of the European currency and safe haven inflows bolstering the Japanese yen. The recent price action has opened the door to a potential visit to the 2020 lows in the 116.00 neighbourhood in the short-term horizon. Above the 200-day SMA, today at 119.70, the selling pressure is expected to subside and could allow for a move to the March peaks just above 121.00 the figure. 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 Fed’s Mester: Economic data is very ugly reflecting shutdown in activity FX Street 2 years EUR/JPY extends the leg lower after the rejection from 119.00. Further south emerges the 2020 lows in the 116.00 region. EUR/JPY remains under heavy downside pressure so far this week in response to the weak performance of the European currency and safe haven inflows bolstering the Japanese yen. The recent price action has opened the door to a potential visit to the 2020 lows in the 116.00 neighbourhood in the short-term horizon. Above the 200-day SMA, today at 119.70, the selling pressure is expected to subside and could allow for a move to the March peaks just above 121.00 the… 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.
