EUR/JPY is extending the march further north of the 118.00 yardstick. Next on the upside emerges the 119.00 neighbourhood. EUR/JPY is prolonging the upside momentum for yet another session, managing to retake the 118.00 barrier and above. The cross has quickly left behind the 55-day SMA in the mid-117.00s and kept pushing higher, shifting its near-term focus to the 119.00 region. This key resistance area is reinforced by the proximity of the 100-day and the 200-day SMAs at 118.89 and 119.24, respectively. A move above the 200-day SMA should mitigate the downside pressure and allow for extra gains to March’s tops in the 121.00 region. 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 EUR/USD: Looking for a test of key resistance at 1.1014/19 – Credit Suisse FX Street 2 years EUR/JPY is extending the march further north of the 118.00 yardstick. Next on the upside emerges the 119.00 neighbourhood. EUR/JPY is prolonging the upside momentum for yet another session, managing to retake the 118.00 barrier and above. The cross has quickly left behind the 55-day SMA in the mid-117.00s and kept pushing higher, shifting its near-term focus to the 119.00 region. This key resistance area is reinforced by the proximity of the 100-day and the 200-day SMAs at 118.89 and 119.24, respectively. A move above the 200-day SMA should mitigate the downside pressure and allow for extra gains to March’s… 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.
