EUR/JPY eases from Thursday’s new 2020 tops near 126.80. Further up now aligns the March 2019 high in the mid-127.00s. EUR/JPY’s is now seeing some selling mood after printing fresh 2020 highs around 126.70 on Thursday, levels last traded in April 2019. Further upside remains well on the cards amidst the current positive environment, and there are no relevant hurdles until the March 2019 high in the 127.50 region. It is worth mentioning, however, that the cross has already entered the overbought territory – as per the daily RSI – opening the door for a technical correction. The constructive view around EUR/JPY is predicted to remain unchanged while above the 200-day SMA at 120.21. EUR/JPY weekly 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/USD: Rally overextended, dollar still the king – Rabobank FX Street 2 years EUR/JPY eases from Thursday’s new 2020 tops near 126.80. Further up now aligns the March 2019 high in the mid-127.00s. EUR/JPY’s is now seeing some selling mood after printing fresh 2020 highs around 126.70 on Thursday, levels last traded in April 2019. Further upside remains well on the cards amidst the current positive environment, and there are no relevant hurdles until the March 2019 high in the 127.50 region. It is worth mentioning, however, that the cross has already entered the overbought territory - as per the daily RSI – opening the door for a technical correction. The constructive view… 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.
