EUR/JPY is trading 0.10% lower for the session on Thursday. There is a key trendline and the price is currently heading towards it. EUR/JPY 4-hour chart In the US session, the pair has come under some pressure with the last 4-hour candle falling 0.34%. The candle engulfs the three previous positive candles which could be a bearish sign. One of the key points on the chart is the long upward sloping black trendline. If this breaks to the downside it could spell trouble for the pair but the red support zone at 119.30 could stem the losses. The pair moved lower after the price hit the purple horizontal resistance zone of 121.44. If the level does break to the upside it would be a good indication that the pair could move back to the high on the chart of 124.43. Looking at the indicators, the Relative Strength Index has turned bearish and moved below the 50 mark. The MACD histogram is now red but the lagging signal lines are above but mid-point which does indicate the underlying trend has not changed just yet. 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 RBA Preview: Target rate to remain at its current level for the foreseeable future – Wells Fargo FX Street 3 years EUR/JPY is trading 0.10% lower for the session on Thursday. There is a key trendline and the price is currently heading towards it. EUR/JPY 4-hour chart In the US session, the pair has come under some pressure with the last 4-hour candle falling 0.34%. The candle engulfs the three previous positive candles which could be a bearish sign. One of the key points on the chart is the long upward sloping black trendline. If this breaks to the downside it could spell trouble for the pair but the red support zone at 119.30 could stem the losses. The pair moved… 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.
