Weekly rebound in EUR/JP met resistance around the 119.00 mark. Broader side-lined theme expected to prevail for the time being. After printing multi-week lows near 116.50 last week, EUR/JPY managed to regain some composure and tested the 119.00 neighbourhood, where some solid barrier turned up. Interim target on the upside emerges at the 55-day SMA at 119.36 ahead of the more relevant 200-day SMA in the 119.8/85 band. In the meantime, the current price action remains part of the broader consolidative range between 116.00 and 121.50. 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: The horror version – Rabobank FX Street 2 years Weekly rebound in EUR/JP met resistance around the 119.00 mark. Broader side-lined theme expected to prevail for the time being. After printing multi-week lows near 116.50 last week, EUR/JPY managed to regain some composure and tested the 119.00 neighbourhood, where some solid barrier turned up. Interim target on the upside emerges at the 55-day SMA at 119.36 ahead of the more relevant 200-day SMA in the 119.8/85 band. In the meantime, the current price action remains part of the broader consolidative range between 116.00 and 121.50. 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.
