EUR/JPY’s decline appears to have met decent support in the 117.00 neighbourhood so far. The resumption of the upside bias should target the 118.50 region in the short-term horizon. The downside momentum in EUR/JPY lost momentum in the 117.00 area so far, after being rejected from monthly tops in the mid-118.00s. If sellers remain in control, the corrective move could morph into a more important drop to, initially, the April’s low at 115.44. In case the buying interest resurface, then the 118.50 area should return to the investors’ radar. 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 German IFO’s Economist: Economy sees light at the end of the tunnel FX Street 3 years EUR/JPY’s decline appears to have met decent support in the 117.00 neighbourhood so far. The resumption of the upside bias should target the 118.50 region in the short-term horizon. The downside momentum in EUR/JPY lost momentum in the 117.00 area so far, after being rejected from monthly tops in the mid-118.00s. If sellers remain in control, the corrective move could morph into a more important drop to, initially, the April’s low at 115.44. In case the buying interest resurface, then the 118.50 area should return to the investors’ radar. 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.
