EUR/JPY is trading 0.41% higher on Wednesday and looks to be heading to the next resistance. Prior to this week, the price has risen three weeks in a row. EUR/JPY weekly chart EUR/JPY has pushed 9.68% higher since hitting 1.1442 on 6th May. In this time the EUR has performed well against most of its major counterparts. Now the price could be heading to the major resistance zone at 126.00. This is just below the red line on the chart and as you can see there has been at least four major touches of that zone. If the price does move beyond the red resistance zone the black downward sloping trendline could be the next important zone. The trendline has been in place since 2018 when the two wave peaks had been connected. If the price does move lower then the psychological 125.00 area could be a near term support level to look out for. The indicators are looking positive as the price has moved higher. The MACD histogram is green and the signal lines are above the zero line. The Relative Strength Index is also looking positive and continues to hold above the 50 line. There is still space the move to the oversold area which is a positive sign. Additional levels 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 Forex Today: The dollar’s remains the weakest FX Street 2 years EUR/JPY is trading 0.41% higher on Wednesday and looks to be heading to the next resistance. Prior to this week, the price has risen three weeks in a row. EUR/JPY weekly chart EUR/JPY has pushed 9.68% higher since hitting 1.1442 on 6th May. In this time the EUR has performed well against most of its major counterparts. Now the price could be heading to the major resistance zone at 126.00. This is just below the red line on the chart and as you can see there has been at least four major touches of that zone. If the price does… 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.
