EUR/JPY’s upside remains limited around the 122.00 zone. If cleared, the next hurdle up emerges at 124.43 (YTD tops, June 5). EUR/JPY is now attempting some consolidation above 121.00 the figure following Monday’s failure to advance further north of the interim resistance at the 122.00 yardstick. If the buying interest picks up pace and manages to clear the 122.00 area, then the yearly tops in the 124.40/45 band should emerge on the horizon. As long as the 200-day SMA at 119.67 holds the downside, the outlook on the cross is seen as constructive. This contention area is also reinforced by June’s lows in the 119.30 region. 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 RBA expected to stick to the YCC plan – UOB FX Street 3 years EUR/JPY’s upside remains limited around the 122.00 zone. If cleared, the next hurdle up emerges at 124.43 (YTD tops, June 5). EUR/JPY is now attempting some consolidation above 121.00 the figure following Monday’s failure to advance further north of the interim resistance at the 122.00 yardstick. If the buying interest picks up pace and manages to clear the 122.00 area, then the yearly tops in the 124.40/45 band should emerge on the horizon. As long as the 200-day SMA at 119.67 holds the downside, the outlook on the cross is seen as constructive. This contention area is also reinforced by… 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.
