EUR/JPY continues to rally strongly after establishing a base and Credit Suisse’s bias stays higher with next resistance at the April highs at 119.01/04 and the 200-day average at 119.26. Commerzbank’s Karen Jones also has the 200-day ma in sight. Key quotes “We see resistance at the April highs at 119.01/04 and with the falling 200-day average not far above at 119.26, we would expect this to cap at first. A break in due course though can expose the medium-term, downtrend from September 2018, today at 120.00.” “Near-term support is seen higher at 118.61/51, then 118.14, with yesterday’s low and moving average cluster at 117.70/53 now ideally holding further weakness.” 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 Price Analysis: Extra gains expected to test 1.1150 FX Street 3 years EUR/JPY continues to rally strongly after establishing a base and Credit Suisse’s bias stays higher with next resistance at the April highs at 119.01/04 and the 200-day average at 119.26. Commerzbank's Karen Jones also has the 200-day ma in sight. Key quotes “We see resistance at the April highs at 119.01/04 and with the falling 200-day average not far above at 119.26, we would expect this to cap at first. A break in due course though can expose the medium-term, downtrend from September 2018, today at 120.00.” “Near-term support is seen higher at 118.61/51, then 118.14, with yesterday’s low and… 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.
