EUR/JPY reverses Monday’s blues and records new YTD highs. Extra gains remain on the table once 131.00 is cleared. EUR/JPY manages to reverse the pessimism seen at the beginning of the week and clinched fresh yearly highs in levels just shy of the 131.00 yardstick earlier in the European session on turnaround Tuesday Further upside now appears likely if the break above the recent consolidative theme is confirmed in the short-term, with the next target now emerging at the 2018 high at 131.98 (July 17). While above the 5-month support line near 128.80, extra gains should remain on the table. In the meantime, while above the 200-day SMA at 125.92 the broader outlook for the cross should 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 USD/CHF: Break below 0.9200 suggests a deeper correction lower towards 0.9100 – Credit Suisse FX Street 2 years EUR/JPY reverses Monday's blues and records new YTD highs. Extra gains remain on the table once 131.00 is cleared. EUR/JPY manages to reverse the pessimism seen at the beginning of the week and clinched fresh yearly highs in levels just shy of the 131.00 yardstick earlier in the European session on turnaround Tuesday Further upside now appears likely if the break above the recent consolidative theme is confirmed in the short-term, with the next target now emerging at the 2018 high at 131.98 (July 17). While above the 5-month support line near 128.80, extra gains should remain on the table.… 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.
