EUR/JPY loses the grip further and drops to new YTD lows around 118.70. The negative view remains unchanged while below the 200-day SMA. EUR/JPY faded Monday’s advance and it has resumed the downside on Tuesday, printing fresh 2020 lows in the 118.75/70 band. If the selling bias gathers extra impetus, then the October 2019 low just above 117.00 the figure should return to the investors’ radar. Below the key 200-day SMA, today at 120.42, the outlook on the cross is expected to remain bearish. 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/GBP: Rallies seen faltering around 0.8380 – Commerzbank FX Street 2 years EUR/JPY loses the grip further and drops to new YTD lows around 118.70. The negative view remains unchanged while below the 200-day SMA. EUR/JPY faded Monday’s advance and it has resumed the downside on Tuesday, printing fresh 2020 lows in the 118.75/70 band. If the selling bias gathers extra impetus, then the October 2019 low just above 117.00 the figure should return to the investors’ radar. Below the key 200-day SMA, today at 120.42, the outlook on the cross is expected to remain bearish. 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.
