EUR/JPY dropped and rebounded from the mid-116.00s. The next target now emerges at the YTD lows in the vicinity of 116.00. After printing multi-week tops beyond 121.00 the figure last week, EUR/JPY sold off to Thursday’s low near 116.35, where some support appears to have turned up. The outlook remains fragile, however, and if the selling impetus picks up pace, then the door will open for a visit to the 2020 low at 116.11 recorded in early March. Looking at the broader picture, while below the key 200-day SMA at 119.91, the cross should keep the negative stance unaltered. A more serious rally is expected to surpass tops beyond 121.00 the figure. 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 IOTA Price Analysis: IOTA scored by Crypto Ratings Council; IOT/USD goes into recovery mode FX Street 2 years EUR/JPY dropped and rebounded from the mid-116.00s. The next target now emerges at the YTD lows in the vicinity of 116.00. After printing multi-week tops beyond 121.00 the figure last week, EUR/JPY sold off to Thursday’s low near 116.35, where some support appears to have turned up. The outlook remains fragile, however, and if the selling impetus picks up pace, then the door will open for a visit to the 2020 low at 116.11 recorded in early March. Looking at the broader picture, while below the key 200-day SMA at 119.91, the cross should keep the negative stance unaltered. A… 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.
