EUR/JPY returns to the sub-127.00 area on Monday. Recent tops in the mid-127.00s offer initial resistance. EUR/JPY extends the rejection from recent peaks in the 127.50 region and slips back to the area below 127.00 the figure at the beginning of the week. If the selling impulse accelerates, then the next region of contention emerges in the 126.00 neighbourhood, the lower bound of the recent multi-week consolidative theme. Looking at the broader picture, while above the 200-day SMA at 122.52 the outlook for the cross should remain constructive. 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/NOK: The Norwegian krone rally is finished for now – Nordea FX Street 11 months EUR/JPY returns to the sub-127.00 area on Monday. Recent tops in the mid-127.00s offer initial resistance. EUR/JPY extends the rejection from recent peaks in the 127.50 region and slips back to the area below 127.00 the figure at the beginning of the week. If the selling impulse accelerates, then the next region of contention emerges in the 126.00 neighbourhood, the lower bound of the recent multi-week consolidative theme. Looking at the broader picture, while above the 200-day SMA at 122.52 the outlook for the cross should remain constructive. EUR/JPY daily chart Top 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.
